18 February 2011 Euro/Dollar THV 4 Analyze

Posted by admin | Posted in Fibonacci FX Signals | Posted on 18-02-2011

Tags: inndicator thv4 thv trix

08:00:00 AM	EUR	German PPI m/m	0.6%	0.7%
Day 1	ALL	G20 Meetings
14:00	USD	Fed Chairman Bernanke Speaks
15:45	USD	Treasury Sec Geithner Speaks

Not much news for today, everything looks like usual Friday trading day. After yesterdays bad news on unemployment claims. We can be in neutral trend because of that.

Hourly Chart:
Trix are in red divergence, so bearish movement is expected. Trend is still bullish. RSI is 60. We could see mixed movement here, i dont expect much raising.

15 Minute Chart:
RSI is 45. Trix is green, but divergence is red. Trend is mixed, neutral but at this time bearish.

5 Minute Chart:
Green divergence aka Bullish divergence, trix are green. heading up. Trend is neutral, dancing bearish bullish. RSI is 49.

PLAN:
Fridays can be nasty, i think we will see bullish movement today because of last day bad news for USD andf today in 8:00 German PPI is very good for Euro. I was expecting bad news for Euro and good for USD but looks like vice verse happen and we will see bullish movement after all. Thats why we already see somce changes in trend. I will be mainly doing scalps in position, meaning i will follow the trend because i sure dont see why trend would change when is established. No news to change it, but be careful on support or resistance lines, bouncing could happen.

Wish you all good Friday trading and be careful dont invest all your money in one basket, try to make profit on long run.