Pierre’s Monday Morning Quickie Analysis 13th Febuary

by | Feb 13, 2017 | Forex Analysis

bigstock Today will be the best Monday 112408595Good morning everyone.

I hope you are all well, healthy and hungry for the week ahead.

Let’s have a quick Monday morning look at the market !!!

The spaghetti indicator:

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The spaghetti indicators shows this morning that the market is flat on some pairs……BUT we need to keep an eye on the Aussie/JPY and CAD/JPY this morning as we above the 8 the min 8 level on them.

I will be keeping an eye on the spaghetti Indi as it will help me to focus on certain pairs once the 8 and minus 8 levels are broken.

 

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Let’s have a look at a quick market overview:

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1) Euro Index on the 4 hour chart:

Currently I have an Earth and Sky short zone between 99.71 and 100.03 with areas to keep an eye on at 99.56/63 ( 38.2 fib and 55 EMA and weekly main pivot) and at 99.81 loads of EMA`S roadblock where I will look to short from.

Possible counter longs at 98.79 pivot point.

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2) Euro Dollar on the 4 hour chart:

Currently I have an Earth and Sky short zone between 1.0700 and 1.0746 with areas to keep an eye on at 1.0679 ( 38.2 fib and 55 EMA and 200 EMA`S and weekly main pivot) and at 1.0691 and 1.0700 where I will look to short from.

Possible counter longs at 1.0556 pivot point.

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3) Euro JPY on the 4 hour chart:

Sitting on my hand a little. We have a key resistance at the 55 EMA at 121.08 and the 200 EMA at 121.35. While the 200 EMA holds my bias will be to look for shorts.

Possible counter longs at 119.71 pivot point.

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4) Euro GBP on the 4 hour chart :

Currently I have an Earth and Sky short zone between 0.8567 and 0.8606 with areas to keep an eye on at 0.8548 (38.2 fib and weekly main pivot) and 0.8574 where I will look to short from.

Possible counter longs from 0.8468 and 0.8453 pivot points and daily 200 EMA

Notes: If we make new lows this morning follow it with the fib so that the zone can adjust accordingly.

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 5) GBP Dollar on the 4 hour chart:

Trapped in a triangle on this one and the direction indicator all mixed up……… so we need to wait for a break out

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6) GBP JPY on the DAILY chart:

Trapped in a triangle on this one…..so we need to wait for a break out.

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7) Aussie Dollar on the DAILY chart:

LAST WEEK WE CLOSED MIN 4 PIPS LOWER than the opening so we can’t fib the 4 hour chart as the trend is up.

Currently I have an Earth and Sky long zone between 0.7447 and 0.7322 with areas to keep an eye on at 0.7505 ( loads of EMA`S at the 38.2 fib area) and if we look to the left…..previous support/resistance levels too.

Possible counter shorts from 0.7700 and 0.7725 monthly pivot area.

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8) Aussie JPY on the 4 hour chart:

Currently I have an Earth and Sky long zone between 86.42 and 85.86 with areas to keep an eye on at 86.69  1st roadblock area and 86.32 and 86.00 where I will re look to long from.

Possible counter shorts from 88.16 pivot point area.

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9) Dollar JPY on the DAILY chart:

Sitting on my hands for now. We camping out at some EMA`S at the psychological level at 115.00. Key resistance at the monthly main pivot at 114.49

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10) Dollar CAD on the 4 hour chart:

Currently I have an Earth and Sky short zone between 1.3215 and 1.3338 with areas to keep an eye on at 1.3156 and 1.3178 and 1.3205/15  where I will re look to short from.

Possible counter longs from 1.2969 and 1.2907 last week’s low and WS2 pivot point.

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11) Dollar Index on the DAILY chart:

Currently I have an Earth and Sky short zone between 101.52 and 10266 with areas to keep an eye on at 100.92 ( 38.2 fib and monthly main pivot and some EMA`S0   where I will re look to short from.

Possible counter longs from 99.22 and 98.89……..Daily 200 EMA waiting here to give support.

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Well that’s that for my Monday Morning Quick overview.

I will be back tomorrow morning with a comprehensive Earth and Sky analysis for the rest of the week.

Regards

Pierre
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