Tuesday, December 1, 2009

GBP/USD in Asia Session 1 Dec09

It seem like yesterday the price action was not able to break the EMA75 at one our chart. Today we can see the dollar still dominate around and it is below the daily pivot line.

DDFX Forex Trading System in 1 hour chart

Fast Trend: Bearish

Medium Trend: Bearish

Major Trend:Bearish

Market Sentiment: Bearish

Pivot Point: Price opening lower pivot line suggesting bearish will continue

EMA 75: Bearish

Overall trend is Bearish

Below image is a price action in 15min TF

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