samedi 4 avril 2009

EURUSD full time period








Current price 1.34835

4h chart
We are above the cloud, sen crossed and sen are in the cloud. the Span is above the price while we are on the top of the of the cloud. All seems to be bullish
EMA 50> EMA 200 means bull trend, we just crossed the EMA 50, while MACD is >0, and RSI is the buying side, ADX is also showing an uptrend.
Moreover we are on the resistance line, I am convinced to see a test of 1.3850 - 1.43 - 1.45 in the coming weeks.
Daily
We are in the cloud, the 2 sen are in the cloud, span is above rates but under the cloud, all means, we are in a consolidating trend.
EMA50<>
1.4404 is the 100% of the fib expansion from the uptrend movement since March 4th till March 19th, and the 50% retracement low of the March 30th, of movement mentioned just above
It also the area of the resistance line from Sep 22 and Dec 18
MACD and RSI are in uptrend so everything is indicating uptrend short term movement.
Go long from current levels with a SL below 1.3260(weekly point level for the week 6-11 april 09)
Weekly
all ichimoku is indicating bear trend
EMA50>EMA 200 is showing uptrend
We closed just above EMA 200 and we are on the way to retest EMA 50, MACD and RSI are showing tiny bullish divergence, while ADX is showing the end of the downtrend movement.
I am not saying the trend has changed, even I am thinking about it for several fundamental reasons( US needs to have a weak USD to create inflation, inflation will forced pple to buy House, will improve banks balance sheet, they are doing it with money supply with QE)
On long term if we break 1.4404, we are going to retest 4719 - 4867 but don't know if we are going to break it, if will go there and break it weekly charts will tuen bullsih and massive with 1.60 as first target and 2.0000 next year.
US and Europe doesn't have the same problem, and will not have the same social model.

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