I have a question for the group.
We have had a major market event with FOMC rate decision. This has caused a large decline in price action for the EURUSD.
However, the SEFC Cycle System shows a potential uptrend with 3 of the indicator showing up (blue) but the last indicator (trend) still remains red.
How should this be interpreted? What can be said about this situation?
Is this a false signal and the trend will contiunue down?
I am looking for group feedback here. Please tell me how you would interpret the graph.
Many Thanks.
We have had a major market event with FOMC rate decision. This has caused a large decline in price action for the EURUSD.
However, the SEFC Cycle System shows a potential uptrend with 3 of the indicator showing up (blue) but the last indicator (trend) still remains red.
How should this be interpreted? What can be said about this situation?
Is this a false signal and the trend will contiunue down?
I am looking for group feedback here. Please tell me how you would interpret the graph.
Many Thanks.