Weekly Signal ! (6 June - 10 June 2011)

Forexhaha Weekly Signal :

GBPUSD :
Buy at : 1.6483, take profit 10-12pips, no stop loss. (cancel order)
Sell at : 1.6357, take profit 10-12pips, no stop loss. (hit target +12pips)

EURUSD :
Buy at : 1.4671, take profit 10-12pips, no stop loss. (cancel order)
Sell at : 1.4357, take profit 10-12pips, no stop loss. (hit target +12pips)

longterm signal : USDJPY to 81.70 (see 31 mei resistance line)


Update 6 June : 1.EURUSD in overbought area. It should go down this week at least to 1.4600, and then 1.4550 would be great. (hit 1.4600, going to 1.4550)
2. GBPUSD has possibility to reach back at 1.6500, maybe not today but during this week.
(still valid)

Update 7 June : We got nice profits yesterday and here are today's analysis :

1. For those who enter buy at GBPUSD since yesterday, i think it might going down today, at least to 1.6320. But i still hope that this pair going back to 1.6500 later on. As for today and for our safety, just put sell order at 1.6295, take profit 10-12pips. And another one at 1.6285 in case GBPUSD break last week lowest point. (cancel order)

2. EURUSD also might going down, probably reaching 1.4550. If so this pair will travel down to 1.4520 (very near to weekly pivot). (hit target on 9 june, +30pips)

*update : buy GBPUSD at 1.6430, take profit 10-12pips (hit +12pips)

Update 8 June : GBPUSD didnt reach 1.6500 but ended up nicely to 1.6470 area. I hope GBPUSD will once again top to 1.6600 before USD recovery end of this month.

For EURUSD, i might say he still looking up to 1.4690. But it will be in neutral area again if price slowly breaking 1.4560. (in neutral area)

And for who likes fundamental, AUD forecast might be strong. During 9.30am malaysia time maybe we can buy AUDUSD. (hit +10pips)

Update 9 June : GBPUSD quite sleepy and hasn't break yesterday highest or lowest price. However, this pair still has a chance to move up, and down. Both valid right now.
(break yesterday highest 6447, +10pips)

For EURUSD maybe i will buy at 4640 and take a few pips there, just to try a new technique of my own. (hit 7pips only)


Update 10 June : Its quite hard to guess where GBPUSD will be going, its still in ranging area and not breaking last week highest or lowest price. For today GBPUSD has a possibility to enter 1.6350, but for longterm i'm quite confident GBPUSD can stand up back to 1.6500.
(u also can enter sell at 1.6357, take about 10-11pips, no stoploss).
(hit target +12pips)

EURUSD : i tested a new techique and lost many pips, luckily i enter only in small lot. Maybe early next month i will update my risky technique as a journal here before i know how use it. But nevermind, EURUSD pass through weekly pivot 1.4520 and i got 30pips there. Same like GBPUSD, this pair has a chance to move upwards, up to 1.4650. (hit 1.4357, see signal above)


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