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Good morning everyone

I hope you are all well, healthy and wealthy this morning.

Lizelle and I went on a 1300 km round trip this weekend……….and the result……………….?

A new 8 week old puppy add on to the family¬†( what you will not do for your kids ūüôā )

………so my suggestion is to double check my analysis this morning as the whole house is sleep deprived……….except Cody that is !!

Looking at the spaghetti Indi this morning then we need to keep our eyes on the ¬†Aussie/Dollar……Aussie/CAD and NZD/Dollar this for the early part of the week.

Let’s have a look at the Forex kitchen :

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1) Euro Index on the DAILY chart:

Last week we only closed 14 pips higher than the opening of last week. This morning we already at last week’s high area so we can’t fib the 4 hour chart…….so we go to the daily.

Currently I have an Earth and Sky short zone between 100.75 and 101.71 with areas to keep an eye on at 100.30 (38.2 fib and MS1 pivot and some EMA`S) for solid resistance before I will look to short

Also keep an eye on the 99.92 level as we have a daily 200 EMA here that can form a possible road block here too.

Possible counter longs from 98.85 and 98.45

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2) Euro Dollar on the DAILY hour chart:

Last week we only closed 31 pips higher than the opening of last week. This morning we already at last week’s high area so we can’t fib the 4 hour chart…….so we go to the daily.

Currently I have an Earth and Sky short zone between 1.0907 and 1.1104 with areas to keep an eye on at 1.0815 (38.2 fib and some EMA`S) and 1.0907 (55EMA) for solid resistance before I will look to short.

Also keep an eye on the 1.0675 this morning as we have a weekly pivot here that can form a possible road block here too.

Possible counter longs from 1.0515 and 1.0451

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3) Euro JPY on the 4 hour chart:

Currently I have an Earth and Sky long zone between 118.73 and 118.02 with areas to keep an eye on at 118.18 and 118.00 for solid support before I will look to long

Also keep an eye on the 118.99 this morning as we have a weekly main pivot here that can form a possible road block here too.

Possible counter short from 120.68

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4) Euro GBP on the 4 hour chart:

Currently I have an Earth and Sky short zone between 0.8552 and 0.8597 with areas to keep an eye on at 0.8559 (55 EMA) for solid resistance before I will look to short.

Possible counter longs from 0.8429 and 0.8402

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 5) GBP Dollar on the DAILY chart:

Sitting on my hands…………my preference is to look for shorts. We trapped in one mother of an triangle so we need to wait for a clear break out.

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6) GBP JPY on the DAILY chart:

Huge road block for this one at the MR3 pivot and daily 200 EMA at 141.17 and 141.54 where price slowed down last week. I will keep an eye on this level to short again.

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7) Aussie Dollar on the 4 hour chart:

Last week we only closed 117 pips higher than the opening of last week….. so we can’t fib the 4 hour chart as the main trend is still short……..so we go to the daily.

Currently I have an Earth and Sky short zone between 0.7542 and 0.7660 with areas to keep an eye on at 0.7521/36/55 ( loads happening there with EMA`S) for solid resistance before I will look to short.

Possible counter longs from 0.7542 and 0.7305 and 0.7242

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8) Aussie JPY on the 4 hour chart:

Currently I have an Earth and Sky long zone between 82.43 and 82.00 with areas to keep an eye on at  82.62/43 for solid support before I will look to long

Possible counter shorts from 84.62 and 85.25

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9) Dollar JPY on the 4 hour chart:

Currently I have an Earth and Sky long zone between 112.10 and 111.19 with areas to keep an eye on at 111.64 and 11.19 and 111.00  for solid support before I will look to long

Possible counter shorts from 114.26

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10) Dollar CAD on the 4 hour chart:

Currently I am sitting on my hands. The preference is still to look for longs as the direction Indi shows long on the 4 hour and daily chart. Problem for me is if we look at the 4 hour chart we can see we trapped in a triangle on this one……..so even if we break to the downside I will prefer if we can get back down to the 200 EMA at 1.3387 before I will consider taking any longs again.

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11) Dollar Index on the DAILY chart:

Last week we only closed min 10 pips lower than the opening of last week. This morning we already at last week’s low area so we can’t fib the 4 hour chart…….so we go to the daily.

Currently I have an Earth and Sky short zone between 98.97 and 97.42 with areas to keep an eye on at the 38.2 fib at 99.85 for solid support ( MR1 pivot and 38.2 fib) before I will look to long

Possible counter sorts from 102.04

12) NZD/Dollar on the 4 hour chart:

Currently we hitting a key resistance level on this one as we hitting the daily 200 EMA at a WR1 pivot at 0.7099 so possible short can set up this morning here for a trade back down to the 55 EMA at 0.7061 and the weekly main pivot at 0.7035

13) Aussie/CAD on the 4 hour chart:

Currently we hitting a key resistance level on this one as we hitting the 4 HOUR 200 EMA at 1.00876 so possible short can set up this morning here.

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

Regards

Pierre

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