20 January 2011 Euro/Dollar THV 4 Analyze

Posted by admin | Posted in Fibonacci FX Signals | Posted on 20-01-2011

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From today i will have THV Analyze, there will be many new things in our analyze.
New Terms:
I will give you euro/dollars news updates and times when they will happen, there will be hourly and 5 minute chart analyze. I will include overbought, oversold, trend and RSI info.
1. Coral Line – Its name for our moving average line, It changes colors, thats why is called coral, We will trade long only when above coral and short when below.
2. Fast and Slow Trix are some kind of MACD lines, when they cross and are in same color they give very good signal.

All other new things will be detailed in reports.

Forex News For Today (Forex Factory):

8:00am	EUR	German PPI m/m	0.7%	0.5%	0.2%
10:00am	EUR	ECB Monthly Bulletin
2:30pm	USD	Unemployment Claims		422K	445K
4:00pm	EUR	Consumer Confidence		-12	-11
4:00pm	USD	Existing Home Sales		4.88M	4.68M
4:00pm	USD	Philly Fed Manufacturing Index		20.7	20.8
4:00pm	USD	CB Leading Index m/m		0.7%	1.1%
4:30pm	USD	Natural Gas Storage		-223B	-138B
5:00pm	USD	Crude Oil Inventories		-1.1M	-2.2M
Tentative	USD	Treasury Currency Report

Hourly Chart:
We ahve Bullish trend and are in neutral zone, no overbought or oversold at the moment. RSI is 65 and it could move future up.

5 Minute Chart:
Our trading chart, Bearish movement, we are in heavy oversold area and RSI is 27.

We are coming near and are at the moment on our Major Support Line at 1,34221, we see what will happen here, if we move up we will look for bullish trade and if we move down we will go short. Stay in comment box and i will post detailed entrys.

<a href="http://instaforex.com/?x=CFNM">InstaForex</a>