Salam and Hi Malaysia..
Please open your weekly chart and please read my predictions on Friday 3rd April, 2009. You may use that predictions and at this moment candle is trying to reached the upper band of BB. That mean at this moment just open M5 chart and use RSI to enter the market. Low To Buy and it all on Fundamental now, people are selling dollar and buying GBP. Let see wether candle may reach upper band of the BB or not.
The target is 1.4985 and next is 1.5000 area and hopping to break resistance at 1.5372 area (8th. January, 2009) in few days. Until then let see this happen and I'm still on buy positions from Friday and put my TP at 1.4985.
Good Luck Everybody.
Allah Hu.
Showing posts with label forex.. Show all posts
Showing posts with label forex.. Show all posts
Monday, April 6, 2009
Friday, April 3, 2009
GBP/USD Pair @ 11.00 am (Malaysia)
Trading Range Is Between 1.4580 to 1.4779
BUY Area - 1.4655 (First Target : 1.4779. Next : 1.4839)
If break 1.4779 candle may test 1.5000 area. It depend if Initial support hold at 1.4580 area. InsyaAllah.
Sell Area - 1.4617 (First Target : 1.4580)
If break 1.4580 candle may drop furthur at 1.4443)
Allah HU
From Market Oracle For You, please read:
Funding the Fund with Gold.
The G20 announcement of tripling IMF resources to $750 billion offered an extra boost for equity markets and higher yielding currencies at the expense of further damage in the dollar and the yen. The G20 confirmed our predictions that central banks will incorporate gold sales to finance assistance for lower income nations. Central banks gold selling would also help stabilize any renewed selling in the greenback and prevent any unwanted appreciation in other currencies.
With US jobless claims at fresh 27-year high of 669K and continuing claims at a record 5.73 million, it is a reminder that macroeconomic deterioration in the US is far from having reached its trough. Even if Friday's March jobs report from the US shows further stabilization on the payrolls front (as did the last 3 reports), the US unemployment rate is likely to exceed 8.1%, thereby, surpassing that of the Eurozone and Germany , a development that could not be imagined just a few months ago by the classic critics of the Eurozone model. And with US consumer credit delinquencies in Q4 surging to an all time high, the deleveraging process within US households relative to that of the Eurozone is another dynamic supporting medium term stabilization in the single currency.
Allah Hu.
BUY Area - 1.4655 (First Target : 1.4779. Next : 1.4839)
If break 1.4779 candle may test 1.5000 area. It depend if Initial support hold at 1.4580 area. InsyaAllah.
Sell Area - 1.4617 (First Target : 1.4580)
If break 1.4580 candle may drop furthur at 1.4443)
Allah HU
From Market Oracle For You, please read:
Funding the Fund with Gold.
The G20 announcement of tripling IMF resources to $750 billion offered an extra boost for equity markets and higher yielding currencies at the expense of further damage in the dollar and the yen. The G20 confirmed our predictions that central banks will incorporate gold sales to finance assistance for lower income nations. Central banks gold selling would also help stabilize any renewed selling in the greenback and prevent any unwanted appreciation in other currencies.
With US jobless claims at fresh 27-year high of 669K and continuing claims at a record 5.73 million, it is a reminder that macroeconomic deterioration in the US is far from having reached its trough. Even if Friday's March jobs report from the US shows further stabilization on the payrolls front (as did the last 3 reports), the US unemployment rate is likely to exceed 8.1%, thereby, surpassing that of the Eurozone and Germany , a development that could not be imagined just a few months ago by the classic critics of the Eurozone model. And with US consumer credit delinquencies in Q4 surging to an all time high, the deleveraging process within US households relative to that of the Eurozone is another dynamic supporting medium term stabilization in the single currency.
Allah Hu.
Thursday, April 2, 2009
GBP/USD Pair @ 07.37 am (Malaysia)
Trading Range Is Between 1.4100 to 1.4779.
BUY Area - 1.4423 (My Target is 1.4482. Next : 1.4534 Next : 1.4614).
SELL Area - 1.4385 (My Target is 1.1.4323. Next : 1.4271).
Salam and Hi,
Yesterday my buy area met at 1.4327 and met my target at 1.4450 and stop at 1.4482. Congratulations who got it and I hope you got your target. As I've told before - please set your target and be more discipline. Don't forget the basic before you enter the positions.
Trading Range Is Between 1.4100 to 1.4779.
Please be alert on all reversal signal at H4 like Bearish and Bullish Reversal Signal including Doji, morning star, bearish/bullish continuations candle or Abandoned Baby and Harami. Be happy today and please set your target.
Allah Hu.
BUY Area - 1.4423 (My Target is 1.4482. Next : 1.4534 Next : 1.4614).
SELL Area - 1.4385 (My Target is 1.1.4323. Next : 1.4271).
Salam and Hi,
Yesterday my buy area met at 1.4327 and met my target at 1.4450 and stop at 1.4482. Congratulations who got it and I hope you got your target. As I've told before - please set your target and be more discipline. Don't forget the basic before you enter the positions.
Trading Range Is Between 1.4100 to 1.4779.
Please be alert on all reversal signal at H4 like Bearish and Bullish Reversal Signal including Doji, morning star, bearish/bullish continuations candle or Abandoned Baby and Harami. Be happy today and please set your target.
Allah Hu.
Wednesday, April 1, 2009
Keep On Eye Out For Recovery On GBP/USD
GBP/USD Today @ 07.27 am (Malaysia):
BUY Area - 1.4327 (My target is 1.4385 Second Target : 1.4450 Third Target : 1.4550)
SELL Area - 1.4283 ( My target is 1.4248. Next : 1.4175 Next 1.4050)
Salam and Hi........
Yesterday my buy area at 1.4243 met and met my target at 1.4336 and stop at 1.4376. Congratulations to those who got it at least 60 pips or more.
Today trading range is still between 1.4100 to 1.4779.
Below is some Tips from Kathy Lien site for your reading that I've copy and paste it here. Maybe this statement may help your trading today.
Until then let see together what will happen on GBP/USD today.
Allah Hu.
Keep an Eye Out for a Recovery :
Although the UK economy still faces many risks in 2009, there is hope. Consumer spending has been pretty resilient with November retail sales rising for the first time in 3 months. If the global economy begins to recover, we expect the UK economy to outperform its peers thanks to the Bank of England’s proactiveness. The currency has sold off significantly, providing additional stimulus for the battered economy. Even if there is no full-blown recovery, the UK economy is much further long in their slowdown than the Eurozone. Therefore if we see sharply weaker growth in the Eurozone economy in 2009, expectations for more aggressive ECB interest rate cuts may be all that the British pound needs to recover against the Euro. As for the US dollar, the recovery could come sooner if the quantitative easing forces the greenback lower. When the UK economy begins to recover, so will its currency.
Technical Outlook for the GBP/USD
The British pound experienced a drastic sell-off throughout the year, tumbling to a level not seen since 2002. The pair lost roughly 5,000 pips as the BOE reduced the interest rates far more aggressively than other central banks. Currently, the pair is well below the 200-week and 50-week Simple Moving Average, reflecting in the change of the trend from an upward to a downward bias. Nevertheless, the pair seems to be oversold for the time being, needing a major retracement if it will continue to depreciate further.
The pair still remains in the sell zone that is established using the Bollinger Bands, and until the price closes above the first standard deviation, it could experience a further downtrend. Although the pair is destined to retrace at some point this year, the price still remains within reach of breaking further, establishing a prolonged downward trend. Near term resistance is at 1.5723, the December high. The currency pair could hold above 1.45, but if it breaks that level, the next meaningful support is not until 1.40, which served as support from 2000 to 2001.
BUY Area - 1.4327 (My target is 1.4385 Second Target : 1.4450 Third Target : 1.4550)
SELL Area - 1.4283 ( My target is 1.4248. Next : 1.4175 Next 1.4050)
Salam and Hi........
Yesterday my buy area at 1.4243 met and met my target at 1.4336 and stop at 1.4376. Congratulations to those who got it at least 60 pips or more.
Today trading range is still between 1.4100 to 1.4779.
Below is some Tips from Kathy Lien site for your reading that I've copy and paste it here. Maybe this statement may help your trading today.
Until then let see together what will happen on GBP/USD today.
Allah Hu.
Keep an Eye Out for a Recovery :
Although the UK economy still faces many risks in 2009, there is hope. Consumer spending has been pretty resilient with November retail sales rising for the first time in 3 months. If the global economy begins to recover, we expect the UK economy to outperform its peers thanks to the Bank of England’s proactiveness. The currency has sold off significantly, providing additional stimulus for the battered economy. Even if there is no full-blown recovery, the UK economy is much further long in their slowdown than the Eurozone. Therefore if we see sharply weaker growth in the Eurozone economy in 2009, expectations for more aggressive ECB interest rate cuts may be all that the British pound needs to recover against the Euro. As for the US dollar, the recovery could come sooner if the quantitative easing forces the greenback lower. When the UK economy begins to recover, so will its currency.
Technical Outlook for the GBP/USD
The British pound experienced a drastic sell-off throughout the year, tumbling to a level not seen since 2002. The pair lost roughly 5,000 pips as the BOE reduced the interest rates far more aggressively than other central banks. Currently, the pair is well below the 200-week and 50-week Simple Moving Average, reflecting in the change of the trend from an upward to a downward bias. Nevertheless, the pair seems to be oversold for the time being, needing a major retracement if it will continue to depreciate further.
The pair still remains in the sell zone that is established using the Bollinger Bands, and until the price closes above the first standard deviation, it could experience a further downtrend. Although the pair is destined to retrace at some point this year, the price still remains within reach of breaking further, establishing a prolonged downward trend. Near term resistance is at 1.5723, the December high. The currency pair could hold above 1.45, but if it breaks that level, the next meaningful support is not until 1.40, which served as support from 2000 to 2001.
Tuesday, March 31, 2009
GBP/USD Pair @ 07.00 am (Malaysia)
BUY Area - 1.4243 (My Target : 1.4302. Next : 1.4336 Next : 1.4411)
SELL Area - 1.4203 (My Target " 1.4146. Next Target : 1.4034)
Salam and Hi.........
Trading Range is between 1.4100 to 1.4779.
Allah Hu
SELL Area - 1.4203 (My Target " 1.4146. Next Target : 1.4034)
Salam and Hi.........
Trading Range is between 1.4100 to 1.4779.
Allah Hu
Monday, March 30, 2009
GBP/USD Pair @ 07.37 am (Malaysia)
SELL Area - 1.4339 (First Target : 1.4250 Next : 1.4200 Next : 1.4126)
BUY Area - 1.4377 (First Target : 1.4493)
Salam and Hi.........
Trading Range is between 1.4100 to 1.4779.
Allah Hu
BUY Area - 1.4377 (First Target : 1.4493)
Salam and Hi.........
Trading Range is between 1.4100 to 1.4779.
Allah Hu
Saturday, March 28, 2009
GBP/USD
Sterling:
Confidence in the economy will remain very weak in the short term with expectations of a further deterioration and deep recession. The near-term Sterling trends will also be influenced strongly by trends in risk appetite with a particular focus on the UK banking sector. The UK currency will come under further pressure if confidence in the sector continues to deteriorate while any reassurance over the banks could trigger a sharp corrective rally for the UK currency. In this environment, trading volatility is likely to remain at elevated levels with good buying support on retreats towards 1.35. The Euro looks to offer little short-term value above the 0.95 level against Sterling.
Sterling remained under pressure on Friday and weakened to a fresh 23-year low near 1.35 against the dollar. Sterling also dipped to three-week lows around 0.9470 against the Euro following the UK data. Overall confidence in the economy will remain extremely weak in the short term, especially with budget fears increasing
There will still be some scope for a correction from over-sold conditions, especially after a weekly decline against the dollar of close to 8% and Sterling recovered back to near 1.38 later in US trading. Given the lack of confidence, rallies quickly attract selling pressure and Sterling retreated again towards 23-year lows on Monday with a test of support below the 1.36 level before a rebound to above 1.37 as UK banking shares rallied.
Confidence in the economy will remain very weak in the short term with expectations of a further deterioration and deep recession. The near-term Sterling trends will also be influenced strongly by trends in risk appetite with a particular focus on the UK banking sector. The UK currency will come under further pressure if confidence in the sector continues to deteriorate while any reassurance over the banks could trigger a sharp corrective rally for the UK currency. In this environment, trading volatility is likely to remain at elevated levels with good buying support on retreats towards 1.35. The Euro looks to offer little short-term value above the 0.95 level against Sterling.
Sterling remained under pressure on Friday and weakened to a fresh 23-year low near 1.35 against the dollar. Sterling also dipped to three-week lows around 0.9470 against the Euro following the UK data. Overall confidence in the economy will remain extremely weak in the short term, especially with budget fears increasing
There will still be some scope for a correction from over-sold conditions, especially after a weekly decline against the dollar of close to 8% and Sterling recovered back to near 1.38 later in US trading. Given the lack of confidence, rallies quickly attract selling pressure and Sterling retreated again towards 23-year lows on Monday with a test of support below the 1.36 level before a rebound to above 1.37 as UK banking shares rallied.
Saturday, March 21, 2009
TIPs From Uncommon Wisdom
Dollar Begins Decline
by Larry Edelson on March 19, 2009
The much anticipated decline of the US dollar appears to have started with yesterday’s announcement that the Federal Reserve will start buying up to $300 billion of Treasuries and mortgage bonds. The action is expected to expand the central bank’s balance sheet by $1.15 trillion. The excess supply of dollars is threatening investors with fears of an inflationary spiral. The Dollar Index reflected this as it fell 2.7%, the largest one day drop since 1971.
The dollar started on a declining trend in 2005 amid concerns for the United States’ expanding current account deficit. However, this trend was largely reversed last year as investors flocked to risk free U.S. Treasury Bills amid panic in global financial markets, raising demand. Analysts also agree much of the demand for the dollar was made up of investors unwinding their positions, and was not actual sustainable demand.
My Opinion: These actions emphasize the severity of the economic crisis in the U.S. While the recession has taken its toll on most economies, central banks have largely avoided printing money at the pace the Fed has. Eventual devaluation isn’t a hypothesis but rather a proven fact — printing money leads to inflation, which erodes the value of the currency in question. One needn’t look further than Zimbabwe to see this in action.
As more money is printed, there is more currency chasing the same amount of goods. Production isn’t increasing in the United States and all this excess capital will be representative of the same volume of production. If for example there was $100 in an economy which produced 10 equal products, each product would be valued at $10. If the central bank printed an extra $50 and let it circulate without any matching increase in production, $150 would be representative of the same 10 products, thus pricing them at $15 each, resulting in 50% inflation.
As inflationary pressure mounts, I expect more investors to dump dollars in favor of assets that offer a better inflationary hedge, like gold.
by Larry Edelson on March 19, 2009
The much anticipated decline of the US dollar appears to have started with yesterday’s announcement that the Federal Reserve will start buying up to $300 billion of Treasuries and mortgage bonds. The action is expected to expand the central bank’s balance sheet by $1.15 trillion. The excess supply of dollars is threatening investors with fears of an inflationary spiral. The Dollar Index reflected this as it fell 2.7%, the largest one day drop since 1971.
The dollar started on a declining trend in 2005 amid concerns for the United States’ expanding current account deficit. However, this trend was largely reversed last year as investors flocked to risk free U.S. Treasury Bills amid panic in global financial markets, raising demand. Analysts also agree much of the demand for the dollar was made up of investors unwinding their positions, and was not actual sustainable demand.
My Opinion: These actions emphasize the severity of the economic crisis in the U.S. While the recession has taken its toll on most economies, central banks have largely avoided printing money at the pace the Fed has. Eventual devaluation isn’t a hypothesis but rather a proven fact — printing money leads to inflation, which erodes the value of the currency in question. One needn’t look further than Zimbabwe to see this in action.
As more money is printed, there is more currency chasing the same amount of goods. Production isn’t increasing in the United States and all this excess capital will be representative of the same volume of production. If for example there was $100 in an economy which produced 10 equal products, each product would be valued at $10. If the central bank printed an extra $50 and let it circulate without any matching increase in production, $150 would be representative of the same 10 products, thus pricing them at $15 each, resulting in 50% inflation.
As inflationary pressure mounts, I expect more investors to dump dollars in favor of assets that offer a better inflationary hedge, like gold.
Friday, March 20, 2009
GBP/USD Pair @ 07.37 am (Malaysia)
BUY Area - 1.4427 ( First target - 1.4606).
SELL Area - 1.4395 ( First target - 1.4234. Next - 1.4155)
Trading Range is between 1.3841 to 1.4606.
Salam. Allah Hu.
SELL Area - 1.4395 ( First target - 1.4234. Next - 1.4155)
Trading Range is between 1.3841 to 1.4606.
Salam. Allah Hu.
Saturday, November 22, 2008
Forex Results Yesterday 21 Nov 2008
Congratulations my friends who met the point on yesterday trading:
Buy area @ 1.4830
Sell Area @ 1.4790
See You Next Week pal.
All The Best to You InsyaAllah.
Allah Hu.
PS - for those who visit my blog, please do registered at my Guest Book so i will contact you later for the latest tip on Forex. Thanks in advance to you.
Buy area @ 1.4830
Sell Area @ 1.4790
See You Next Week pal.
All The Best to You InsyaAllah.
Allah Hu.
PS - for those who visit my blog, please do registered at my Guest Book so i will contact you later for the latest tip on Forex. Thanks in advance to you.
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Salam ... BISMILLAH HIRR RAHHMAN NIRR RAHHIM Trading Range is between 1.6100 to 1.6500 area. 1. BUY Area : 1.6293 T1 : 1.632...
