Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers. You must log in to see and participate in our Dinar sections.

Your welcome to be apart of Anesis Club (Private) after at least becoming a FREE Rookie in my Network at this link


I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2017

Month-End Closing for April 2016



Posts : 20865
Thanked : 979
Join date : 2013-01-12

Month-End Closing for April 2016

Post by Lobo on Sat 30 Apr 2016, 2:14 pm

The Canadian Dollar elected Monthly Bullish Reversals at the close of April suggesting that we can now see a rally up to the 82-83 level. Keep in mind that last year’s high was 86.03. Therefore, there is plenty of room for a continued reaction as the markets push everything to the limit.

In the Euro cash, we also elected a Monthly Bullish at the 114 level producing the highest closing so far on a monthly basis. Now we may at last see that rally up to the 116 level.

The Global Market Watch picked the low rather nicely and has been is a bullish mode now for the past three months.

In the Japanese yen, we did not elect any Monthly Bullish Reversals at the end of April. However, we did elect TWO Monthly Bullish back in February. This implies we should see a bounce but resistance will stand at the 92 level.
Overall, this is the purpose of creating a quantitative model that function without human emotion – very plain and to the point. May has been showing as the month on our timing models in currencies this year. So as we now enter May, be on point. Just play this by the numbers and do not get emotionally attached to a trade. As we make the reaction high, the talk should be bearish on the dollar and that will help trap people into buying that new high.

    Current date/time is Fri 24 Feb 2017, 4:00 pm