Weekly Forex Analyze For 13 Feb to 17 Feb 2012
Posted by admin | Posted in Weekly and Daily Wake up | Posted on 13-02-2012
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Weekly Forex Chart:
Last week was bullish and we were thinking it will be bearish. This week as well started into bullish trend. We now have on weekly chart green bullish divergence and both trixes are green. So expect more bullish movement despite the Greece crisis taking a heat.
Daily Forex Chart:
As well we started in bullish trend and all last 15 days had some bullish trend in them self. RSI is however going down after checking doors of overbought zone. Right now it is at 50. Both trixes are red and crossed, but they are near overbought zone.
Hours Chart:
Bullish trend. RSI is going up fast. Right now it is already at 59. We just got green bullish divergence. But slow trix is still red and going down while fast trix is green.
Hourly Chart:
Very strong bullish trend. RSI is going up and right now it is at 70. Now on this chart trixes are in different position. Fast trix change color to red and is giving red bearish divergence. But slow trix is still green and going up.
Weekly Fibonacci Pivot Line is at 1,31352 and we are high above this line and still climbing.
Weekly Support Lines:
1,30908
1,30450
1,29901
1,29352
1,28908
1,28450
Weekly Resistance Lines:
1,31901
1,32450
1,32908
1,33352
1,33901
1,34450
Plan:
Greece crisis is getting stronger and stronger and as well Euro is getting stronger. Maybe rumors are that whatever EU do , Greece will collapse. So Euro is getting stronger and going up. I m afraid to go up and back up this scenario so i suggest staying out and waiting for bearish movement and trend.





