GBP/USD Pair @ 11.00 am (Malaysia)

SELL Area - 1.4656 (First Target : 1.4575. Second Target : 1.4452).

BUY Area - 1.4677 (First Target : 1.4779. Second Target : 1.4850).

Salam and Hi........

Yesterday as aspected my buy area met and achived my second target at 1.4750 and close at 1.4779. From there candle drop back to 1.4636 and at this moment still in consolidations move from that drop. Looks like market is still testing 1.4850 today. Anyway fail to do so, candle may drop back to find 1.4350. From here maybe candle will test yesterday high at 1.4779. Good Luck.

Trading Range is between 1.4350 - 1.4850.

Breaking 1.4850 candle may test 1.5000 area.

Salam and Allah Hu.

GBP/USD @ 10.30 am (Malaysia)

BUY Area - 1.4571 (My Target is 1.4661. Next is 1,4750.Possible to test 1.4850)

SELL Area - 1.4531 (My Target is 1,4453)

Salam and Hi,

Yesterday as aspected candle break 1.4661 and stop at 1.4692. At this moments candle is on consolidations from 1.4692. Candle may test 1.4750 and if success, candle possible to test 1.4850. From here candle may test 1.4850 or 1.5000 area within few days.

Allah Hu.

GBP/USD Pair @ 11.00 am (Malaysia)

BUY Area - 1.4493 (First Target: 1.4584. Second Target :1.4661 Third : 1.4733)

Trading Range is between 1.3841 to 1.4661. Break 1.4661 candle will test 1.4985. But if fail candle may drop back to test 1.4473.

SELL Area - 1.4450 (First Target : 1.3841)

Salam and Hi....

Candle is still on consolidations uptrend move from last week. If fail to break and drop to 1.4473, candle is possible to test 1.4661 and possible to test 1.4985. Looks like Initial Support already performed at 1.3654, fail to test 1.3500 - major support for GBP/USD in 23 years old. If this happen no doubt candle will test 1.5372 area within a few days. Let see this happen and please be alert on all reversal pattern of candlestick.

Allah Hu.

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.

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.

GBP/USD Pair @ 04.30 am (Malaysia)

Salam and Hi....

Huhuhu yesterday both my sell and buy area met the target. Please reffer back yesterday predictions. I've heard some of them got more 500 pips up and down. Candle at M30 Chart at 04.30 am (Malaysia) already performed Abandoned baby - might give another at least 60 pips. Let see this happen pal. I want to sleep now after Morning Prayer and let's wait my next predictions after 12.00 noon today. Have to get some rest after chating long hour with Mr. Ziga from Slovenia. Until then good morning to all my frenssssssssssss. Allah Hu.

09.30 am (malaysia):

Trading range is between 1.3654 to 1.4606. Look like the drop from 1.4985 already accomplised and maybe candle already found the initial support to test the initial resistance at 1.4985 - I hope so and let us see this happen or not:

BUY Area - 1.4173 (My target is 1.4350. Next is 1.4481. Possiblelly will test 1.4606 area)

SELL Area - 1.4133 (My target is 1.3932. Next 1.3841 area)

Allah Hu.

ps : have to continued my sleeping time - I hope so if no hp call. Salam.

GBP/USD Pair @ 01.00 pm (Malaysia)

Salam and Hi,

Sorry for my late predictions. Today let see the Daily chart and I already found a doji like a dragon fly. That is a very good reverse signal. Furthur more new candle open below middle of BB - that mean at this moment candle may drop down and it mean High To Sell. Please refer all the discipline before you enter your positions.

My sell target today is 1.3926 and possiblely may drop to 1.3850. If break this level candle may drop to 1.3654. Please set your target at least 60 pips today. If you want more please use Trailing Stop to protect your profit. People who set target will gain profit and it is confirm. 60 pips a day x 10 day x $10 = $6000 and it is confirm solid profit. Think about this and dont wait hundred of pips - you will regret later.

Trading range is between 1.3654 to 1.4231. Break 1.4231 candle may test 1.4305. Let see this happen.

ALLAH HU.