Friday – 10 June 2011 Euro/Dollar THV 4 Analyze
Posted by admin | Posted in Fibonacci FX Signals | Posted on 10-06-2011
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4 Hours Chart:
Trend is maybe changing, we are moving bearish for couple of candles already. Both trixes are red and we did have green bullish divergence but price is still moving down. RSI is 20 and it is in oversold zone.
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Hourly Chart:
Already a decent bearish trend. Slow trix is green, but fast trix have changed color to red and is going down to cross slow trix. RSI is 31 and is going up.
15 Minute Chart:
Once again we are in bearish trend. Trtixes are red for some time and now are coming closer to each other so maybe they will cross for bullish signal, but even if they cross this wont be strong signal. RSI is 11 and is deep in oversold zone.
5 Minute Chart:
Very strong bearish trend. We had red divergence near overbought zone and trixes have cross and both are red. This is strong signal and we are moving in bearish direction. RSI is 28 but will maybe go back in oversold zone.
Fibonacci Pivot Line is at 1,45445 and we are moving below it. We will most probably have bearish day.
Support Lines:
1,45116
1,44793
1,44594
1,44396
1,44066
1,43743
Resistance Lines:
1,45768
1,46091
1,46290
1,46495
1,46818
1,47141
Plan:
Today we dont have some major importance news. So we can stick to technical trading and technical trading say that for now we are going bearish and we should look for entries to go bearish. I m sure that soon we have those entries.
Forex News:
As we already say not important news today. But we have many medium importance news. But since 2 of those are speeches we see no way to trade this news. Unless you monitor market reactions.
| 8:00 | EUR | German Final CPI m/m | 0.0% | 0.0% | 0.0% | ||
| 8:00 | EUR | German WPI m/m | 0.0% | 0.5% | 0.2% | ||
| 8:45 | EUR | French Industrial Production m/m | 0.4% | -0.9% | |||
| 8:50 | EUR | ECB President Trichet Speaks | |||||
| 14:30 | USD | Import Prices m/m | -0.6% | 2.2% | |||
| 15:00 | USD | FOMC Member Dudley Speaks | |||||
| 20:00 | USD | Federal Budget Balance | -148.2B | -40.5B |
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