Hartle & Flow

The Euro FX futures (EUR/USD pair) have traded below the lower side of the support zone, but buyers then came in. This is called a spring. Traders have brought out the sellers, but they could not gain control. This is a bullish sign.

The trend is still up because the recent extreme daily RSI readings have peaked above 62.

The Constant Volume Bar chart is set to 1,000 contracts with the CQG SnapTrader . As this image was captured, the recent extreme RSI readings are closing above 62, which is bullish momentum.

If the RSI readings start to peak below 62, then the market is moving into a trading range.

This morning’s snapshot view of the TradeFlow Chart for the EUR/USD has the both studies set to a five-bar running sum with the CQG ChartTrader. Currently, the market is trading higher. The buy volume line (green) is edging above the sell volume line (red) of the TFVCrss study.

The TradeFlow view of the market can change very quickly.

This entry was posted Monday, March 26th, 2007 at 7:57 am and is filed under TradeFlow, EUR/USD Futures. You can leave a response, or trackback from your own site.