Trade Balance – 13 Jan 2012 Euro/Dollar THV 4 Analyze
Posted by admin | Posted in Long Forex Trades | Posted on 13-01-2012
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4 Hours Chart:
Bullish Trend. RSI is going up very fast and is already at doors of oversold zone. At this moment it is at 78. Both trixes are green and crossed. And we have green bullish divergence.
Hourly Chart:
Very strong bullish trend as well. RSI is already deep inside oversold zone and is still going up. At this moment it is at 91. Trixes are crossed anod both were red, but fast trix have now change color to green.
15 Minute Chart:
Still bullish trend. But RSI is already going down after being in oversold zone for some time. At this moment it is at 47. Both trixes are red and crossed. And we have red bearish divergence.
5 Minute Chart:
Bullish trend here as well. RSI is going up and at this moment it is at 60. Trixes are both green and crossed. And now we have another green bullish divergence.
Fibonacci Pivot Line is at 1,27851 and we have open high above it at 1,28135. Looks like Euro is getting power.
Support Lines:
1,27581
1,27304
1,27128
1,26959
1,26682
1,26405
Resistance Lines:
1,28128
1,28405
1,28581
1,28749
1,29026
1,29303
Plan:
It looks like we have change whole trend and from now on we could easy be going up. So soon i will try to find a good spot to enter for bullish trend. Maybe it will be today or at Monday. I prefer Monday because today is Friday and over weekend things can change.
Forex News:
Today in last day in a week. And it is a Friday the 13th. We have Trade Balance day. Both for Euro and USD, but more important is the USA Trade Balance. Prelim UoM Consumer Sentiment for US dollar is another important news for today.
We will not trade at this times:
10:30 – 11:30
14:00 – 15:00
15:25 – 16:25
16:40 – 17:40






