EURUSD , trends and forecasts....
It's a forum 7bit - anything can happen! For example what trend forcasting technique do the programmers think is most reliable since this topic was last discussed?
how is this relevant for the mql4 programming language?
All the people are welcome... (Included great programmers like you ;D )
What is your opinion ??
It seems that in average-term view, 2-12 months, EUR has up trend now.
Monthly pattern shows a Zig-zag pattern
2008/07 1.603 down to
2008/10 1.232 then up to
2009/11 1.514 then down to
2010/06 1.187 then up to
2011/04 1.488
At 1.493 we seem to have a new potential down trend. This friday near close of market the price dropped like stone.
Know that reason and maybe predict the next few months overall trend.
A line from the first two highs would make it look like a breakout is occuring on this third peek and this 21 May google info says.....
Or maybe some people decided that it was not the end of the world after all and went back to bussiness as usual.
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All the people are welcome...