Weekly Forex Analyze For 23 Jan to 27 Jan 2012
Posted by admin | Posted in Weekly and Daily Wake up | Posted on 23-01-2012
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Weekly Chart:
It looks like Euro is coming back up. Last week we had long bullish candle. So we are in a process to go in bullish trend. RSI is going up after being in oversold zone. At this moment it is at 39. Trixes are very close to each other and we have green bullish divergence. Fast trix is green and slow trix is still red.
Daily Chart:
As well on daily we see that last 6 days, 5 were bullish. Today we as well started to go bullish. RSI is going up very fast and is already near overbought zone. At this moment it is at 65. We had 2 green bullish divergences and trixes were crossed and both are green still going up.
4 Hours Chart:
Very strong bullish trend. But RSI was for long time in overbought zone and now is going down fast, It is already at 38. We have red bearish divergence and trixes are crossed. As well both trixes are red and going down.
Hourly Chart:
Very strong bullish trend as well. RSI is going up and is now at 54. Trixes are both green and are crossed. They are going up. As well we had green bullish divergence.
Weekly Fibonacci Pivot Line is at 1,27264 and we have gone high above it at 1,29308. We are near weekly resistance line 2.
Weekly Support Lines:
1,26512
1,25759
1,25241
1,24722
1,23969
1,23217
Weekly Resistance Lines:
1,27783
1,28276
1,29054
1,29806
1,30325
1,30818
Plan:
We are high in position, but we can still go and check higher resistance lines. News that come out this week will be very important. So stay with news and trade with trend.





