EURUSD. Trend is downwards on the daily chart. Euro has broke support 1,4540 and continues fall. Trade recommendations yielded significant profits (to put sell stop order on the 1.4536 level). Who took advantage of my recommendations should fix profits.
You can see candlestick wiht long upper and lower shadows that are almost equal in length on the friday. These doji reflect a great amount of indecision in the market. Long-legged doji indicate that prices traded well above and below the session's opening level, but closed virtually even with the open. After a whole lot of yelling and screaming, the end result showed little change from the initial open.
Strategy: none.

 
GBPUSD. Trend is downwards on the daily chart. A pair is trading in the downstream channel.  The «quirk by trend» on the RSI-3 has gave a profit. Trade recommendations yielded significant profits (look to get short in the 1.6380-1.6400 zone). Who took advantage of my recommendations should fix profits. You can see candlestick wiht long upper and lower shadows that are almost equal in length on the friday. These doji reflect a great amount of indecision in the market. Long-legged doji indicate that prices traded well above and below the session's opening level, but closed virtually even with the open. After a whole lot of yelling and screaming, the end result showed little change from the initial open.
Strategy: none.


Elena Chernaya, Chief Currency Strategist
ELAN Investment Solutions

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