Apr 14 , 2010

Hello traders .....

So how you all doing ? Yesterday movement is sideways right .. So nevermind then, we will forecast for today movement ..

As usual we will see the Forex Factory first ... To check what Fundamental Analysis that we have for today ...

So we have all USD fundamental by 830 pm LT and 10pm for Fed Chairman Bernanke testifies.

For the Core Retails and Retails Sales , i can see that USD weaknesses and for the CPI instead there is no changes..So what we have to do is, during that particular time, we need to apply Breakout Strategy..How? By using the Trendline also can, and Support Resistant Level..

Ok then, let we see the Technical Analysis for

EUR/USD

Ok now..For the chart pattern, i cant see anything about it..


For SSD and RSi , as we can see that both already in the Overbought level .. If we want to Sell we must wait until both cross the Overbought level (75) .


For MACD , it is above the 0-level, but it show that VT(Very Top)..I can say that EUR/USD will bearish soon...





GBP/USD

Well , for the GBP/USD also the same as EUR/USD forecast..
Chart Pattern : NoNe
SSD n RSI : already overbought and we have to wait until in confrm cross the overbought line(75)
MACD : it still above the 0-level but it has VT(very top) indication

I can say that GBP/USD wanna go bearish but make sure all indicator is confirm since today is Wednesday, most of the chart movement is vary volatile...

By the way, see you tomorow for the latest forecast ad the result for today forecacst..

Happy Trading ... :)