Unemployment Rate – 3 Feb 2012 Euro/Dollar THV 4 Analyze
Posted by admin | Posted in Long Forex Trades | Posted on 03-02-2012
Forex 4 Hours Chart:
Still strong bullish trend. RSI is slowly going up and it is now at 47. We had red bearish divergence but trixes have now change color to green and are moving in parallel way.
Hourly Forex Chart:
Mega strong bullish trend. RSI is going up and is now at 68. Almost near overbought zone. Trixes are as well green and slowly turning to go up.
15 Minute Chart:
As well strong bullish trend. RSI is slowly going down and it is now at 54. Trixes are crossed and slow trix is red and moving in horizontal way. Fast trix is as well in horizontal position but it have change color to green.
5 Minute Chart:
As on all charts on this as well we have strong bullish trend. RSI is fast moving down and it is now at 42. We have 3 red bearish divergences but slow trix is still green and going up. Fast trix is red and is looking to cross slow trix.
Fibonacci Pivot Line is at 1,31413 and we have open at almost same line at 1,31430. Our price is as well near this lines and not yet decided where to go.
Support Lines:
1,31201
1,30993
1,30859
1,30729
1,30517
1,30310
Resistance Lines:
1,31625
1,31837
1,31967
1,32096
1,32308
1,32520
Plan:
We are still in bullish trend. This trend is really long for now and it is funny that we are not going up very fast so i don’t think it is wise to trade long. I will wait for trend change and ride early wave down.
Forex News:
Unemployment Rate, Non-Farm Employment Change and ISM Non-Manufacturing PMI are most important news for today. They will have impact on US Dollar. But they are coming out afternoon.
We will not enter a trade at this times:
9:30 – 11:30
14:00 – 15:00
15:30 – 16:30
| 10:00 | EUR | Final Services PMI | 50.4 | 50.5 | 50.5 | |||
| 11:00 | EUR | Retail Sales m/m | 0.4% | -0.8% | ||||
| 11:00 | EUR | Italian Prelim CPI m/m | 0.2% | 0.4% | ||||
| 14:30 | USD | Non-Farm Employment Change | 150K | 200K | ||||
| 14:30 | USD | Unemployment Rate | 8.5% | 8.5% | ||||
| 14:30 | USD | Average Hourly Earnings m/m | 0.2% | 0.2% | ||||
| 16:00 | USD | ISM Non-Manufacturing PMI | 53.1 | 52.6 | ||||
| 16:00 | USD | Factory Orders m/m | 1.5% | 1.8% |





