Friday, January 8, 2010

DAILY FOREX TREND ANALYSIS

Trading pairs (GBP/USD, AUD/USD,EUR/USD)
Today we are expecting a major FA release we know FA's like NFP creates larger moves in all USD pairs so i will advice no position should be open before this FA is released.

LONGTERM TREND:

GBP/USD: Trend =DOWN
AUD/USD: Trend=NEUTRAL
EUR/USD: Trend=DOWN

DAY TRADING TREND
GBP/USD: Trend=DOWN
AUD/USD:Trend=DOWN
EUR/USD:Trend=DOWN

To effectively use these trend pick only sell entries on these pairs and ignore all buy entries

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