Forex Trading Signals

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Forex Trading Signals


The EUR/USD exchange rate is falling as the economic and the political risk in Eurozone is growing. Recent developments including the uncertainty in the Euro area after the Italian elections are enforcing the Euro depreciation against the US Dollar. The year 2013 will be a year of recession for Eurozone and growth is expected not before 2014, so a cut in the Euro Interest rate seems today very possible.

Technical Analysis on EUR/USD using TCI+ Indicator

Trading Center Indicator (TCI) is a technical analysis system that can be used in any kind of financial market. (»Trading Center Indicator). In this analysis, a new version of TCI is presented. This new version which is called TCI+ is designed exclusively for the Forex Market. Two EUR/USD charts are following which correspond to the same time frame (January 1999 – February 2013).

Chart: EUR/USD 1999-2013

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