4/21 Forex

Two parabolic sar bear signals on euro currency pairs, and a bull signal on the cable-Swiss franc.


The EUR/CAD bear signal comes after a sharp price decline yesterday, and the pair is traing at the downside reversal level. The signal is with a long-running downtrend that began in January, and the adx is a strong 34. It's a better daily-chart trade than most forex pairs.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
EUR/CAD C$1.3360

EUR/CAD You are here:

• Reversal
• C$1.3734, +2.8%
• Now C$1.3360
• Reversal
• C$1.3313, -0.4%

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The EUR/GBP psar bear signal comes on a sharp gap down, followed by a price decline. The adx is 26, so it's not a strongly trending pair and is prone to whipsaws and other nasty habits.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
EUR/GBP £0.8861

EUR/GBP You are here:

• Reversal
• £0.8861, +1.9%
• Now $0.8698
• Reversal
• £0.8663, -0.4%

GBP/CHF shows a psar bull signal. It, too, is not a strongly trending pair, with an adx of a mere 22. It's trading near upside resistance.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
GBP/CHF SF1.6475

GBP/CHF You are here:

• Reversal
• SF1.6928, +2.8%
• SF1.6513, +0.2%
• Now SF 1.6475
• Reversal
• SF1.6206, -1.6%

These signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.

Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.

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