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


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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


Neno

I can be reached by phone or text 8am-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

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Month-End Closing for April 2016

    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12

    Month-End Closing for April 2016 Empty Month-End Closing for April 2016

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

    Month-End Closing for April 2016 IMMCD-M-5-1-2016
    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.
    Month-End Closing for April 2016 IBEUUS-M-5-1-2016
    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.
    Month-End Closing for April 2016 Euro-5-1-2016
    The Global Market Watch picked the low rather nicely and has been is a bullish mode now for the past three months.
    Month-End Closing for April 2016 IMMJY-M-5-1-2016
    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.
    https://www.armstrongeconomics.com/markets-by-sector/foreign-exchange/month-end-closing/

      Current date/time is Thu 28 Mar 2024, 5:38 am