Advance GDP – 27 Jan 2012 Euro/Dollar THV 4 Analyze

Posted by admin | Posted in Long Forex Trades | Posted on 27-01-2012

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4 Hours Chart:

Bullish trend. RSI is going down after being at doors of overbought zone. Right now it is at 46. Trixes are giving bearish red divergence. As well trixes are crossed and both are red.

Hourly Chart:

Neutral trend on this chart. RSI is going back down and it is now near oversold zone. Right now it is at 32. Trixes are crossed and both are green. But before we had 2 red bearish divergences.

15 Minute Chart:

On this chart things are different. Here we have bearish trend. RSI is going up after touching oversold zone. Right now it is at 37. Slow trix is for long time red and fast trix is very close to him. But fast trix just changed color to green.

5 Minute Chart:

On this chart we have strong bullish trend. RSI is going up fast and it is already at 71. But before that it was near oversold zone. Trixes are crossed and both are green and going up.

Fibonacci Pivot Line is at 1,31266 and we have open deep below it at 1,31075. And we are right now moving around it.

Support Lines:
1,31088
1,30909
1,30799
1,30690
1,30511
1,30333

Resistance Lines:
1,31445
1,31624
1,31733
1,31847
1,32025
1,32204

Plan:
Last day in a week and we need to be smart now. Trends are once again not in same direction. So we should be cautious. We have open below Fibonacci Pivot Line and maybe we should look for bearish. But i will be happy to take bullish as well but will need strong signal.

Forex News:
Advance GDP q/q is the only important news for today. This important news will have impact on US Dollar and will come out at 14:30.

We will not enter a trade at this times:
9:30 – 10:30
13:45 – 15:00
15:25 – 16:30

8:00EUR
German Import Prices m/m
0.3%
0.3%
0.4%
10:00EUR
M3 Money Supply y/y
2.2%
2.0%
10:00EUR
Private Loans y/y
2.1%
1.7%
Day 3ALL
WEF Annual Meetings
14:15EUR
ECB President Draghi Speaks
14:30USD
Advance GDP q/q
3.0%
1.8%
14:30USD
Advance GDP Price Index q/q
2.0%
2.6%
15:55USD
Revised UoM Consumer Sentiment
74.2
74.0
15:55USD
Revised UoM Inflation Expectations
3.2%
16:00USD
FOMC Member Dudley Speaks
<a href="http://instaforex.com/?x=CFNM">InstaForex</a>

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