Strategi Hari Ini

FX  Daily Strategy August 2nd, 2012

Today’s Trading Quote

Intraday Confluence Zones:

“You have to be able to think clearly and act decisively in a panic market. The markets that go wild are the ones with the best opportunity. Traditionally, what happens in a market that goes berserk is that even veteran traders will tend to stand aside. That’s your opportunity to make the money.”

 

  • Mark Ritchie

Forex:

Currency Pairs

Confluence Zone

Intraday Bias

EUR/USD

1.2250 – 1.2290

Bearish

AUD/USD

1.0465 – 1.0500

Bearish

GBP/USD

1.5580 – 1.5640

Bearish

EUR/JPY

95.95 – 96.40

Neutral

 

Commodities:

Commodity

Confluence Zone

Intraday Bias

GOLD

1602.65 – 1609.75

Bearish

SILVER

27.50 – 27.75

Bearish

OIL

88.45 – 89.45

Bearish

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Technical Analysis:

EUR/USD:

Our preference: SHORT positions within 1.2250 – 1.2290 on bearish pattern/candlestick confirmation with divergence.

Alternative scenario: LONG positions on break of 1.2290 on continuation pattern with well directed RSI.

Comment: EUR/USD currently is under pressure. Hourly stochastic is overbought. 20 MA has crossed below 50 MA on hourly chart. Watch the level of 1.2277 (50% Fibonacci).

 

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