EURUSD Euro In U.S Dollars – Trend Day Pattern Decline
What happened to Euro in U.S Dollars (EURUSD) in the past when EUR sees a trend day patter decline combined with large five day decline and the moon is fool?
Historical percent-change performance of Euro in U.S. Dollars (EURUSD) over the next 30 trading days when the following conditions are true: Trend Day Down, Large five day decline, and Moon is Full; omitting any repeat occurrences within 10 trading days. According to the 7 previous occurrences of this event, EURUSD has shown a very strong bearish edge that peaks 25 trading days after the event. Thus, the projected date for the peak of the bearish edge relative to the current event date (Wednesday, 15 June 2011) is Thursday, 21 July 2011. EURUSD declines in 100% of the cases (7 of 7) by an average of -3.2% relative to the close on the event date. The overall return of the 7 cases is -3.2%, which, based on the close of EURUSD on the event date (1.4183), provides a target price of 1.3729.
