Jan 21 , 2010

Hai Traders' ...
How are you doin ? Hopefully all good and also your trading...Im sorry have to left you all behind since have something to do. So nevermind,let we start all over again by today.
Ok and again lets us see what we have in Fundamental Analysis for today ...

So we can see here attach from forex factory here in the red flag the only have for US which is Unemployment Claim with previous is 444K and forecast is 441k,seems like decreasing for US and will bring good for USD. Thats in the fundamental analysis.So others for today is EUR and GBP...Ok then lets us see for the chart analysis

EUR/USDSo in EUR/USD we can see that start from Tuesday is was Bearish.
Chart pattern said that for the H1 chart nothing.
Stochastic is pointing UP but MACD said it still under the 0 level. My forecast is this will bring up bullish movement but need confirmation for the moving average and I have to make sure that it break the trendline, then i will Long this Eur/USD.

GBP/USD

So in the Gbp/Usd also i can say that is like to same with the Eur/Usd. So in chart pattern it is none of it.
The stochastic same like Eur/Usd is pointing up and the MACD is still under the 0 level.
So then i have to waitn until it touch the bottom line in the trend line and start to Long the Gbp/Usd.

So traders' , how your forecast then ? Whatever is it, is all true since the best system in trading is YOUR system ..

see you tomorrow .... Happy trading !!