Daily Market Commentary

Ichimoku Kinko Hyo

Kumo Warriors

Technical Analysis 11 September 2009

EUR/USD

Daily Candlestick Chart

Comment: Bullish, tenken sen and kijun sen are sloping up, chinkou span is above the price curve.

Di s claimer: a ll t h e d a t a p r o vi d e d o n t h i s sh e e t a r e b a s e d u p o n t h e Ichi m k o u s y s t e m a n a l y si s, a ll s t a t e m e n t s a n d e x p r e s si o n s
in h e r e a r e
p e r s o n a l o p i ni o n s, a n d n o t m e a n t a s inv e s t m e n t a d v ic e o r s o lici t a t i o n.
F o r e x F ac t o r y: h t t p:// w w w. f o r e x f a c t o r y.c o m/sh o w t h r e a d. p h
p? t =19 0 6 4 6
R e p o r t s A r c hi v e : h t t p:// w w w. 4 s h a r e d.c o m/ di r/198 0 7 0 7 3/7 e8 8 2 875/sh a
ri n g. h t m l
Em a il: Ku m o W a r r i o r s@ g a m
il.c o m
 4Hr. Candlestick Chart

Comment: Price attempted to consolidate and was pushed higher. Tenken and Kijun have slight upward
slope. Chinkou span does not confirm long yet. Recent low rejected with a push higher, more
consolidation needed.

Trends
Major Trend (W) bullish

Median Trend (D) bullish

Minor Trend (4Hr) bullish

Conclusion: The main trend is bullish (Weekly, Daily and 4Hr). Intraday traders pay attention to
price consolidating, wait for clear signals. 1.4600 was broken pointing to more bullish movement-
however we need a close above for confirmation. Watch for profit taking by investors. Correction
may be expected before continuation. Trade with trend and move your stops.