Wednesday, January 4, 2012

EURUSD Technical chart | 04-Jan-2012

 Below is the technical chart of EURUSD with Doda-Donchian and Doda-Bollinger Bands indicators.

EURUSD Technical chart
EURUSD Technical chart


Although both Doda-Donchian and Doda-Bollinger Bands gave buy signal @1.29716, it's facing tough resistance at 1.3042 and 1.30744. So, once it crossed this level, it will start its bull run. Ofcourse, make a stop loss of 1.29054.

On the upside, first target is 1.3119.

No comments:

Post a Comment

Doda-Donchian ver 2.0 Released

 Based on the feedback and some pending features, I'm releasing Doda-Donchian version 2.0 today. Showing sample chart of EURUSD on ti...