My analysis for GBP/USD next week and ownwards...
Let see the Daily candle attached. What you see, try to predicts yourself.
But I've saw :
1. It already a triple bottom !!!!
2. Inverted HEAD AND SHOULDER !!!!
Anyway it's depend what kind of candle will performs on daily chart. Please confirm the Pivot point and let see what happen next...
Please refer your forex analysis given to you all before from me. Yes... on my predictions and experienced, a big reversal will commence anytime next week... either the candle will go sharply bullish or making the corections. Hoping it will go bullish and lets take this opportunity.
It's only my predictions, not assured or guaranteed - please confirms all indicators that you used before. I've got many enquiry about that.... hehehehe. It up to you man, because your money is your responsiblity, not me.
Remember.... "TRADE ON WHAT YOU SEE... NOT WHAT YOU THINK"
"LOW TO BUY"
Allah Hu.
BECAREFULL FOR REVERSAL CANDLE FROM BULLISH NEXT WEEK:
TIPS From Money Market:
A flight to safety combined with deflation, should lead to a long-term bull market for the dollar. This will (2009)make:
1....Stocks will hit lower lows …
2....Emerging nations will weaken dramatically, and …
3....Risk-aversion will win the battle over risk-taking.
Investors stand to make a killing off the rising dollar and the falling euro in 2009.
Beyond that, the U.S. economy may show signs of a recovery. Whereas competing, developed nations will continue to wallow after longer monetary and fiscal response time.
This growth differential could very easily shift in favor of the U.S. dollar and spell bad news for the euro. Both should present tremendous opportunities for investors in 2009 and beyond.
