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Daily Forex Analysis – December 13, 2013
12 years ago
Wednesday, March 23, 2011
Monday, March 21, 2011
Japan events is shaking it's economy
Japan stock market dropped for 6.18% in Monday. At the same time bank of Japan promise to refresh economy with 15 billions yen injection to bank system. All factories closed "Nissan" stocks price dropped for 9.5%. "Honda" stocks falled for 9.1%. The biggest drop experienced Tokyo electric power company, which stock prices falled for 24%. Originally from www.zoominforex.com READ MORE
Read more...GBP/CHF UPDATE
Consideration point:-
1. If the trend break the DOWNTREND LINE(red color), the price will go down to find the nearest support 1.4466(horizontal line red color) and the counting i of c and ii of c is invalid and will recalculate.
2. If the price achieve 1.4680, the trend will bullish until the red box area (the best to TP 1.4750 according to the fibo). And consideration wave C of (IV) is complete.
Trade IDEA :-
BUY STOP GBP/CHF at 1.4680 TP = 1.4750 TP2 = 1.4800 SL = 1.4560
Good luck!!!!
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