Friday, July 10, 2009

GBP/USD Pair @ 07.15 am (Malaysia)

Salam and hi.... yesterday as aspected CS broke 1.6350 area and close at 1..6378. At this moment CS is in retracement mood and looks like is dropping deeper to test 1.6200 area again. The oil price is still up and so do the gold price. Most of the indicator is OB and please be alert on all reversal signal.

Trading range today is between 1.6150 to 1.6500 area.


1. Buy Area : 1.6267


T1 : 1.6400

T2 : 1.6471

If fail to move up further CS may test back 1.6200 area. Please reffer to H4 chart on all the 4 line and the relevan indicator and please dont forget the basic discipline that i've told you before. On Daily Chart CS close at high and below of the middle band. If next cs open high CS must drop for corections especially if it open below middle band of BB. Just have a look on it guys to confirm it.


2. SELL Area : 1.6227


T1 : 1.6200

T2 : 1.6104

T3 : 1.6021

I've heard many of you got the target yesterday - congratulations and please set your target as I've told before. Until then let see what will happen today and keep smiling and sharing together.

Allah Hu.

ps - mohonlah apa sahaja selepas sembahyang jumaat kepada Allah SWT dan sila kirimkan selawat keatas junjungan kita nabi Muhammad SAW. Sesungguhnya Allah suka kita meminta-minta apa sahaja pada hari Jumaat - insyaAllah.


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3 comments:

Anonymous said...

bro.. po sell dan buy dekat sangat la.. 10pips je beza..

Unknown said...

TQ bro typing eror mungkin dipengaruhi oleh retracement area huhuhuhu... lagi pun tersangatlah mengantuk... blom tido 24 jam. Anyway saya sudah betulkan...

mohon bro daftar as my frens di my guest book. Tolong promote kepada semua trader dikalangan sahabat dan kenalan anda. Saya sedekah tu.

Allah Hu.

Unknown said...

Since the commencement of today's trading, the Dollar has made a reversal against a number of its main currency pairs. This includes both the Euro-Zone and Swiss currencies. This behavior may be owed to overselling of the USD in yesterday's trading. Additionally, analysts state that the some of the USD's strength today may be due to traders realizing that China's statements at the G8 Summit regarding replacing the USD as the global reserve currency may have been exaggerated.

The greenback is trading higher against the EUR by about 80 pips at 1.3894 so far today. In addition, the GBP/USD cross is also trading higher, as yesterdays better than forecast U.S. Unemployment Claims gives the USD strength today. Crude Oil continues to tumble today, both due to Dollar strength and investors realizing that the commodity was overvalued in recent weeks. The decline in Crude may continue into next week's trading.

Looking ahead to the opening of the U.S. market, we can expect the U.S. Trade Balance figures at 12:30 GMT. Traders are advised to follow the speech by Treasury Secretary Timothy Geithner at 14:00 GMT, as this may lead to high volatility in the forex market in late trading. We may see the USD make additional gains today, largely due to leading economists recently raising forecasts for the growth of the U.S. economy. Therefore, traders should take advantage of the new tend for the U.S. Dollar now!

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