ECOFIN Meetings – 24 Jan 2012 Euro/Dollar THV 4 Analyze
Posted by admin | Posted in Long Forex Trades | Posted on 24-01-2012
Tags:
4 Hours Chart:
Very strong bullish trend. RSI come to doors of overbought zone but turned down. And now is not going anywhere. It is at 69. Slow trix is still red and going down. But fast trix is near slow trix and is green and is looking to cross over.
Hourly Chart:
Bullish trend. RSI is going up very fast and is already near overbought zone. Right now is at 74. Slow trix is still red and going down. But fast trix have changed color to green and gave us green bullish divergence. It is looking to cross over slow trix.
15 Minute Chart:
Mega strong bullish trend. RSI is going down after being in oversold zone. Right now it is already at 49. Slow trix is green and is going up. Fast trix have cross over and is red.
5 Minute Chart:
Very strong bullish trend. RSI is switching to go up and is now at 42. Trixes are red and very close to each other. They are about to cross over.
Fibonacci Pivot Line is at 1,29798 and we have open high above it at 1,30132 and right now we are moving around opening line.
Support Lines:
1,29458
1,29124
1,28916
1,28702
1,28368
1,28028
Resistance Lines:
1,30132
1,30472
1,30680
1,30888
1,31229
1,31562
Plan:
We have bullish trend all around and when we get some good signal from trixes we should go and trade bullish. But there is at the moment pretty strong resistance line so i will wait to see if we break it.
Forex News:
Maybe yesterday we didnt have news, but today we have many important and not so important news. Some are already out.
We will not trade between this times:
9:30 – 11:30
14:30 – 16:30
| 9:00 | EUR | French Flash Manufacturing PMI | 48.5 | 49.2 | 48.9 | |||
| 9:00 | EUR | French Flash Services PMI | 51.7 | 50.5 | 50.3 | |||
| 9:30 | EUR | German Flash Manufacturing PMI | 50.9 | 49.1 | 48.4 | |||
| 9:30 | EUR | German Flash Services PMI | 54.5 | 52.6 | 52.4 | |||
| 10:00 | EUR | Flash Manufacturing PMI | 47.4 | 46.9 | ||||
| 10:00 | EUR | Flash Services PMI | 49.1 | 48.8 | ||||
| All Day | EUR | ECOFIN Meetings | ||||||
| 11:00 | EUR | Industrial New Orders m/m | -2.1% | 1.8% | ||||
| 15:00 | EUR | Belgium NBB Business Climate | -10.1 | -10.6 | ||||
| 16:00 | USD | Richmond Manufacturing Index | 6 | 3 |





