Dec 04 , 2009

Hai Traders ..

How are you doin ? How yesterday forecast .. ? Eur/Usd and Gbp/Usd make a very high movement once forecast posted and trully same as expected. But during announcement, i was told that a little bit bearish, unfortunately it really been bearish until now..

Nevermind, that is why after announcement came up with the result, always re-do the analysis and for sure as a trader, you always have your decisions..

So, what we have today ? NON-FARM PAYROLL ... The most wanted Fundamental that are being waiting all over the world. My advice is for those who are really amateur, please keep

away from your trading account, and learn their movement...

Here is the News :

The Non-Farm Employment change and The Unemployment Rate ...So, how to get in the

market during this announcement ? It always come to your plan, and trade your plan..

As per conclusion, I can say that US having decrease their jobless, that is why previous values is -190K, and forecast is -119K.

So,for tonite USD become Bullish. Plan your trade, enter the position and right after result available, re-do the analysis and make your decision either continue your order or replace it ..

Ok now, what we have in the chart ..

EUR/USD

Chart Pattern : Inverse Flag - continue Bearish

MACD : position below 0 level, continue trend for Bearish movement

Stochastic : Pointing upward to make overbougt before turn down back

My analysis EUR/USD will bullish after London open market, and after all will be sideway until NFP announcement been made their result.As per 1st fundamental analy

sis-USD will bullish,and i will plan the trade to SHORT the EUR/USD before announcement until result available,then i will choose my decision either continue or reverse position.

GBP/USD

In GBP/USD market, we can see that yesterday movement Bearish after London open market until today.

Chart Pattern : NONE - after reach Lower High

MACD : still under 0 level and it will continue Bearish

Stochastic : pointing upward

My forecast is this movement will Bullish since it in the uptrend channel for 1H chart,until the NFP announcement, plan the trade to short GBP/USD, once result available I will come back to make the decision.

So,let we see for the movement and we learn how NFP will impact the market. Some rumors said, EUR/USD will change Down Trend.

Whatever it is, trader just trade either using Technical and fundamental analysis

HAPPY TRADING !!

ps: Tomorrow will have Technically Forex Course :)