Wednesday, December 30, 2009

Thursday, December 24, 2009

Tuesday, December 22, 2009

Latest Performance GBP/USD

Price action is still on the bearish site

Price action on the 1 Hour Chart

Extra for Malaysian

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Tuesday, December 15, 2009

Monday, December 14, 2009

GBP/USD at 14 Dec 09

Graph is in 4h TF GBP/USD

Fast Trend: Bearish
Medium Trend: Bearish
Major Trend: Bearish
Market Sentiment: Bearish

This pair may go down further if the price can break the SMA200 at Daily Chart.

Friday, December 11, 2009

Pennant in 15 min chart

No trade for us this morning since market is in ranging mode.

We can see it build the Pennant Pattern.

Wednesday, December 9, 2009

GBP/USD Correction is over???

On the daily chart we can see a long bearish candlestick yesterday.

So we can assume that the downtrend will continue but the Downtrend was Stopped at the SMA200 at 1.6223.

We can see in Asia Session that price is bounce up again rely on the SMA200 as support.

If price action break down the SMA200, the bearish trend will continue, if not the price will go up again testing daily Pivot at 1.6313 or at 1.6277 (DDFX own resistance) if not it may go down until 1.6177.

Overall sentiment are bearish.

Tuesday, December 8, 2009

GBP/USD Testing SMA200

Pound is in bullish, climbing back from 1.6311 toward SMA200 in 15min chart.

Our DDFX resistance is at 1.6477 and now the price is around MR1 at 1.6468.

23 days left before Pricing is Up! Buy at discounted price today!

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