18 May: Tomi Trader daily EA update

By | May 18, 2018

The Tomitrader EA continues to work well heading into Friday’s trade, with our short Gold and short EurGbp strategies both looking good, although it has been a quiet session with little activity. I am now looking for further consolidation in both of these today before a resumption in the down trend for both, but possibly not until next week

Our long US$Chf strategy is also working well but last night, with the pair trading sideways, there was no new action although this is allowing the charts to unwind an overbought situation. Once the consolidation has ended, I expect the $US uptrend to resume.

Daily charts of all three, EurGbp, Gold, US$Chf, below.

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