Apr 06 , 2010

Dear Traders ...

As usual, we will see the Forex Factory to know what we have for the Fundamental Analysis today.
In fact, some one will say fundamental analysis give only 10% movement market, but it will give the market injection for the current movement.I just highlighted which are the Fundamental Analysis will give market injection..1st we have FOMC meeting and for tomorrow we have JPY Overnite Call Rate..By the way, the call rate for JPY tomorrow is same 0.1% previous 0.1% forecast..Hurm,seems like we need another sources for the call rate..same as FOMC meeting,we need to know either improvement or static strength for the USD.

So then,both news need more sources, then we go for the Technical Analysis
EUR/USDSo the Chart Pattern for this pair i can say NONE .. As Dan Zanger teach his student, 'open the chart see for the 5 secs, tell me what you see in your chart ? '

So then .. Let we see for the trendline..it already exceed the trendline and here i can say that the movement will find the retracement level and the retracement level will definitely in the Red trendline and continue Bearish movement.

MACD is still under the 0-level but for Stochastic and RSI it already oversold,witing them to reach overbought level and i definitely continue Bearish movement...

GBP/USDSo what we hae in this GBP/USD ? Seems like same as the EUR/USD .. For the explaination,also same..

For the Chart Pattern : NONE
Trendline : Exceed , draw retracement and definitely in the Red trendline,parking oreder for next Bearish movement

MACD : still under 0-level and continue Bearish
SSD n RSi : Oversold level, waiting them to reach ovebought and get postion


Thats all for today i think..if have question ask me here or email me as per beside address..

Happy trading ... :)