Recently you guys might notice the dip to 1.5841.
Take notice of the news next week. It might pull it down further.
Saturday, October 10, 2009
GBPUSD Analysis 10/10/2009
It's been quite sometime since my last post. Never expect the retracement to reach 1.6130.
Recently you guys might notice the dip to 1.5841.
Take notice of the news next week. It might pull it down further.
Recently you guys might notice the dip to 1.5841.
Take notice of the news next week. It might pull it down further.
EURUSD Analysis on 10-10-2009
Overall looks for the EURUSD is slightly bearish.
If you Notice the candlestick that i circled. In most charting when u see such candlestick,
that means there would be a change in trend. Look out for a uptrend next week.
If you Notice the candlestick that i circled. In most charting when u see such candlestick,
that means there would be a change in trend. Look out for a uptrend next week.
Monday, September 28, 2009
28 September 2009 9.30pm
GBPUSD that i've mentioned previous is having a Head and shoulder pattern. In a downtrend since last week.
Take a look at the chart below. According to the trend line drawn, it's a downtrend.
Sell GBPUSD above 1.5860 TP1@1.5700 , TP2@1.5500, TP3@1.5300. SL@1.6000
This is mainly for position trader and NOT suitable for swing trader.
You may need to hold your position for this whole week. Good luck everyone.
Take a look at the chart below. According to the trend line drawn, it's a downtrend.
Sell GBPUSD above 1.5860 TP1@1.5700 , TP2@1.5500, TP3@1.5300. SL@1.6000
This is mainly for position trader and NOT suitable for swing trader.
You may need to hold your position for this whole week. Good luck everyone.
Sunday, September 27, 2009
EURUSD Analysis Outcome on 27/9/2009
The EURUSD 5min chart is showing an ascending triangle, signifying uptrend.
To confirm that it have to break out the resistance line.
In the chart, we saw that the last candlestick is a Bearish Engulfing Candlestick
which touches the support line.
Therefore we have to wait for the candlestick to breakout of either side of the line.
In a bigger picture for EURUSD 15min charting .
A pattern of Inverse Head and shoulder pattern is showing us a peek.
But it may also signify a double top pattern. It is still too early to judge as both neckline have not been
reached.
To confirm that it have to break out the resistance line.
In the chart, we saw that the last candlestick is a Bearish Engulfing Candlestick
which touches the support line.
Therefore we have to wait for the candlestick to breakout of either side of the line.
A pattern of Inverse Head and shoulder pattern is showing us a peek.
reached.
Saturday, September 26, 2009
GBPUSD Technical Analysis 26/9/2009
The following GBPUSD (Daily Chart) technical Analysis is for reference only.
From the Chart, head and shoulder pattern is discovered. Target Price should hit around 1.5200 after some time.
From the Chart, head and shoulder pattern is discovered. Target Price should hit around 1.5200 after some time.
Friday, September 25, 2009
Thursday, September 24, 2009
24 September 2009 4.30pm
The News for EurUSd just came out. Its a quite bad one. So be prepare for a gradual dip, downtrend till evening.
Sell EurUsd above 1.4753 TP@1.4723 SL@1.4800. Good luck
Sell EurUsd above 1.4753 TP@1.4723 SL@1.4800. Good luck
Focus on SG time 8.30pm & 10pm
There are 2 News on USD coming out tonight. You can get the first hand information from www.forexfactory.com
1) Unemployment Claim
If the news is lesser employment claim than forecast, it would be good for US currency. Causing a DIP
in EURUSD and GBPUSD. In most cases the dip would be about 40pips - 60pips.
2) Existing Home Sales.
You also have to watch out on this tricky one. In normal cases when the existing home sales is good, it should be good for US currency. But in the previous news about existing home sales is somehow reversal, EUR currency goes up instead when existing home sales is good. So better take note of this.
1) Unemployment Claim
If the news is lesser employment claim than forecast, it would be good for US currency. Causing a DIP
in EURUSD and GBPUSD. In most cases the dip would be about 40pips - 60pips.
2) Existing Home Sales.
You also have to watch out on this tricky one. In normal cases when the existing home sales is good, it should be good for US currency. But in the previous news about existing home sales is somehow reversal, EUR currency goes up instead when existing home sales is good. So better take note of this.
24 September 2009 9.16am
Let's take a look at the EURUSD chart today. We are using 0000hrs and 0100hrs as a guiding line.
Currently you could see that it is an uptrend from the MACD crossover.
There's Line 1 and Line 2 in the chart.
1) When the EMA5 cut above Line 2, take note of a uptrend.
2) When the EMA5 cut below Line 1, beware of downtrend.
3) If it stays between line 1 & line 2 means it is consolidating.
*Note: Take Note of the MACD line & histogram.
Currently you could see that it is an uptrend from the MACD crossover.
There's Line 1 and Line 2 in the chart.
1) When the EMA5 cut above Line 2, take note of a uptrend.
2) When the EMA5 cut below Line 1, beware of downtrend.
3) If it stays between line 1 & line 2 means it is consolidating.
*Note: Take Note of the MACD line & histogram.
Wednesday, September 23, 2009
Tips for today 23 September 2009
Buy EurUsd below 1.4752 , TP@ 1.4775
Sell EurUsd above 1.4775, TP@1.4750
Tips valid till SG 2am (thursday), It would be a long consolidating. Good luck everybody.
Sell EurUsd above 1.4775, TP@1.4750
Tips valid till SG 2am (thursday), It would be a long consolidating. Good luck everybody.
23 September 2009 9.40pm
Currently EURUSD is consolidating. You could plot the following trendline.
If it breaks the upper trendline that means it going upward.(Buy)
If breaks the lower trendline that means it going downward.(Sell)
If it breaks the upper trendline that means it going upward.(Buy)
If breaks the lower trendline that means it going downward.(Sell)
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