EUR/USD - Target met..

Alright.. I closed my buy position (see earlier post) around 1.4100 area, not bad for today. For next move, I would like to see first on early monday (Tokyo time), how traders over there fix the price. I think most traders seems to agree that as long as price below 1.4140/50 area then its a signals that price will heading lower. Well.. let see what happen.

EUR/USD - Today pivot and resistance..

Alright... price grinding higher as I'm expected and now its dancing around today second resistance which stay at 1.4036, meanwhile today pivot is at 1.3960. From here 2 things will happen (I think)

1. Price fails around 1.4050 and start heading lower or..
2. From here, 1.4030/35 price maintain the pedals and go to test the earliest resistance at 1.4120 and 1.4130 level..

I'm favour the second one :) off course with risk management.

EUR/USD - didn't touch trendline C and now dancing at today pivot

Price did not touch Trendline C and now still dancing between today 1st support and pivot level. I think for next move (short term) traders will try to push higher targetting 1.4080 and may be 1.4140 (I think)

EUR/USD - They push price lower.. but Trendline C looks like to hold..

OK.. price didn't touch ssecond resistance and from 1.4140 its just collapse like a stone. Other analysis said that there much room for downside but I think we should look at Trendline C.

Would this trendline hold price and then push price higher again? let see how Tokyo fixing the price..

EUR/USD - Above trendline A but still below 1.4170

Here we go.. its always like that, when everybody seems to agree the same thing where market will go then market will revese itself. Alright.. price penetrate above Trendline A, it is important to see how strong the second resistance which held at 1.4170/80 area. Some say that this is the level of turning point.. I'm not sure, let see what will happen next.

DOW JONES - Looks heavy but 8100 should support..

They would buy more debt.. thats for sure, since March FED already purchase more than 170 Billion dollar treasurys dan today diorang akn purchase lagi..

Based on chart kat atas.. price stay below trendline A, means the next move is heavy towards to the downside I think, however 8100 should provide support for any downside move.. at the moment sbb 2 hari yng lepas price decline untk 'cover' gap (yng bertanda right). FOMC meeting.. let see the efect.

EUR/USD... all downward bias

So far, baik dari elliotwave.com dan juga analisis dari action forex.com dan juga saya sendiri, semua pointed yng price akn turun means dollar weakness. Not sure how far they will go down but boleh baca analisis diorang kat sini dan juga kat sini

Based on chart kat atas, trendline B probably sedang menunggu price untk tiba kesitu. Esok dan lusa ada FOMC meeting.. let see cemana diorang decide tentang interest rates..