How Long Are The Analysis Valid For? - Forex Forum

 
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> How Long Are The Analysis Valid For?
Arnaud Jeulin
post Jun 27 2008, 10:08
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With the technical analysis for currency trading, you note it as short-term (intraday). For example, with the euro, your comment is:

1,5717. EUR USD broke 1,5700 resistance. EUR USD is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,5740. If the resistance is broken then the target will be 1,5850.

Is the bullish pressure on euro just for that day (4/4) or a longer term, say several days to one week? I am just euro as an example. I would like to know how to interpret your forex analysis in general


All technical analysis are valid for 1 to 12 hours. I based my signals on hourly charts. I think that with more than 12 candles the configuration could be completly changed.
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Erbe
post Sep 1 2008, 14:19
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QUOTE (Arnaud Jeulin @ Jun 27 2008, 6:08) *
All technical analysis are valid for 1 to 12 hours. I based my signals on hourly charts. I think that with more than 12 candles the configuration could be completly changed.


Arnaud,

Je vous remercie pour cette précision. Elle est essentielle dans l'analyse que nous faisons de vos propres analyses.

Succès dans votre trading,

erbe
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