28 Jan 2011 Euro/Dollar THV 4 Analyze

Posted by admin | Posted in Fibonacci FX Signals | Posted on 28-01-2011

Tags: inndicator thv4

All Day	ALL	WEF Annual Meetings	News Reports Will Have Impact
10:00am	EUR	M3 Money Supply y/y	Unknown	2.1%	1.9%
10:00am	EUR	Private Loans y/y	Bad For Euro	2.3%	2.0%
12:00pm	USD	Treasury Sec Geithner Speaks
2:30pm	USD	Advance GDP q/q	Bad For USD	3.5%	2.6%
2:30pm	USD	Advance GDP Price Index q/q	Good For USD	1.7%	2.1%
2:30pm	USD	Employment Cost Index q/q	Bad For USD	0.5%	0.4%
3:55pm	USD	Revised UoM Consumer Sentiment	Good For USD	73.1	72.7
3:55pm	USD	Revised UoM Inflation Expectations			3.3%

United States Dollar have great chances to fight against Euro today, there could be more good news for dollar than for euro. But keep in mind that this are my speculations, maybe forecast news will be different but i really doubt.

4 Hours Chart:
No important movements in last couple of days, still bullish trend, neutral Trix zone, RSI is 52

Hourly Chart:
Neutral Trend, Neutral Trix Zone, RSI 51

30 Minute Chart:
Different info, Bearish trend, neutral trix and RSI 39.

5 Minutes Chart:
Bearish trend, near oversold zone trix and RSI is 43.

Trading PLAN:
Will look for scalping opportunity on 5 minute chart, but will only scalp long because of good bullish trend on 4 hours and 1 hour chart. As well if i get good entry on 30 minute chart, only long.