ImanJani

ImanJani

one of my favorite trade if we finally see a deal or rejection for GREECE

ImanJani

We expect 1.Oil price goes down further 2.better than expected GDP for US RSI broke the down trendline

ImanJani

this is a sure thing probably wont hit the target but at least you can make some pips

ImanJani

USOIL will break the wedge and dollar become stronger after FOMC

ImanJani

wait for BOE still believe its gonna be more dovish and expect GBP pulls back after hitting 200 moving average line

ImanJani

-The trend broke 193 resistance level but it is false break -RSI on the oversold territory -expect BOE will be more dovish cause the economic data from UK is not very good i expect it pulls back to 188 level

ImanJani

GBP GDP was less than expected and divergence on RSI and MACD both indicate Short signal

ImanJani

RSI and down trend has been broken keep an eye on FOMC and more importantly CPI report on friday

ImanJani

Technical: broken channel broken trend Fundamental: Bad unemployment data, less than expected GDP and cutting interest rate were the sign of weakness for this pair but due to dollar weakness this pair surged bad economic data for china (as the most important international partner for Australia ) recent RBA speech which open the door for more cutting rate in...

ImanJani

-USD is at bottom level and GBP rise more than 1000 pips its time for some retracement -data coming out tomorrow will pull back GBP and also core retail sale of USD could make USD stronger -overbought and divergence on RSI indicator

ImanJani

Divergence of RSI daily chart GBP election push this currency down

ImanJani

Despite the rate cut and bad retail sale data still AUD continued its uptrend but we see engulfing pattern on 4 hours time frame -employment change data can even push the trend further - rate cut -bad retail sale data

ImanJani

-the trend has been rejected around 170 EMA and we see the candle stick on daily chart as a sing on short position -it also rejected fro fib 1.61 -Divergence on RSI

ImanJani

The rally of due to weakness of dollar and lower crude oil inventories on wednesday still there is divergence and also i believe it doesn't last long and goes back to 51-52 the US inventory is on the highest level in last several years and still supply is high and RSI in on the overbought area

ImanJani

despite the pull back of US dollar index and mixed data of EURO area still this currency of moved up but it has reached to its critical level and expect to go down

ImanJani

Remember US GDP and Uk GDP were both bad but GBP advanced Still this currency is vulnerable because of election on may 7th and bounce on dollar index will push this currency down AND DIVERGENCE OF RSI CONFIRM SHORT ENTRY regardless of everything 1.55 means sell for me FOR CONFIRMATION LOOK AT THE TREND LINE ON RSI WHEN IT BREAKS THEN ENTER SHORT

ImanJani

-expect dollar bounce back - Euro is the weakest currency and more vulnerable to USD -RSI Divergent in daily chart

ImanJani

Despite bad GDP but the recent FMOC statement was emphasis the hawkish sound and more emphasis on inflation expectations