Earth & Sky Analysis With Pierre……

by | Feb 13, 2018 | Forex Analysis

winning forex trades

Good morning everyone.

Whats up……whats down this morning?

Looks like that resistance level on the Dollar Index at my 50% Earth and Sky fib and 4 hour 200 EMA at 90.62 will be key resistance for us this week, so I will be keeping an eye on that one.

Looking at the Euro Index we can see that we found nice support yesterday at that 55 EMA at my 62.5 Earth and Sky fib at 108.29 and price already moved 40 odd pips since yesterday. Currently we hitting resistance at the roadblock EMA`s we have at 108.76 so I personally will prefer if we can break and close above this roadblock first before I will re look to long the Euro pairs.

MONK

Pairs that stands out for me at the moment will have to be……..

  1.  Euro/Dollar on the daily chart…….possible support at 1.2221 and 1.2158

  2.  Euro/JPY on daily chart…..possible resistance at 134.76 for a short and possible support at 131.51 for a long set up.

  3.  Euro/GBP on 4 hour chart….possible resistance at 0.8900 and 0.8938 for a short set up.

  4. GBP/Dollar on daily chart…..possible support at 1.3846 and 1.3760 for a long set up.

  5.  Aussie/Dollar on daily chart…..possible short set up from 0.7890 top area and possible long set ups from 0.7770 bottom area.

  6. Aussie/JPY on the 4 hour chart…….touched the weekly main pivot and 38.2 fib already at 85.53 and dropping hard and fast…….main profit take will have to be at last months low at 84.01.

  7. Dollar /CAD on the daily chart……possible resistance at 1.2700 for a short set up.

  8. Dollar Index on daily chart…….possible resistance at 90.62 for a short set up.

READ MY EARTH AND SKY ANALYSIS !!!!!!!!!

 

Let`s have a look at whats cooking in the Forex Kitchen this morning:  

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1) Euro Index on the DAILY chart:

Last week we closed 92 pips lower than the opening…..so we can’t fib the 4 hour to get a long zone – we have to fib the daily chart.

Currently, I have an Earth and Sky long zone between 108.52 and 108.01 with areas to keep an eye on the 108.27 and 108.00 support areas where after I will re-look to long this index again.

Possible counter shorts at the 109.30 and 109.54 levels.

Notes:

I will prefer if the price can break first the EMA`s at 108.76 to the upside before I will re-look to long with a M2 long set up maybe from 108.76 and 108.49 areas.

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2) Euro Dollar on the DAILY chart:

Last week we closed min 192 pips lower than the opening…..so we can’t fib the 4 hour to get a long zone – we have to fib the daily chart.

Currently I have an Earth and Sky long zone between 1.2227 and 1.2072 with areas to keep an eye on the 1.2221 and 1.2158 support areas where after I will re look to long this pair again.

Possible counter shorts from the 1.2417 and 1.2500 and 1.2537 resistance area.

Notes:

While the daily 55 EMA at 1.2158 holds….my bias will be to look for long set ups on this pair.

……………………………………………………………….

3) Euro JPY on the DAILY chart:

Notes:

Last week we broke a Dunny house full of EMA`S to the downside….. My feeling is that we might now be ranging between 134.84 as top area and 130.74 as bottom area so will be looking for trade set ups once we hit these levels.

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4) Euro GBP on the DAILY chart :

Notes:

I don’t like the way how this one doesn’t respect the EMA`S at the moment.

Will re look for shorts from 0.8900 and 0.8938 if we find resistance there again.

……………………………………………………………….

 5) GBP Dollar on the DAILY chart:

Last week we closed min 290 pips lower than the opening…..so we can’t fib the 4 hour to get a long zone – we have to fib the daily chart.

Currently I have an Earth and Sky long zone between 1.3902 and 1.3677 with areas to keep an eye on the 1.3789 and 1.3760 support areas where after I will re look to long this pair again.

Possible counter shorts at 1.4063 and 1.4303 resistance areas.

Notes:

While the daily 55 EMA holds at 1.3760 my bias will be to look for long set ups.

……………………………………………………………….

6) GBP JPY on the WEEKLY chart:

Notes:

For weeks now I warned against longs as we were hitting the weekly 200 EMA and even breaking it a little to the upside…..but last week it tumbled – remember that MACD divergence I showed you….an early warning sign that a correction might be on its way…..I will re look for a M2 short from 152..00 and 152.19 and 152.65 resistance areas on this one.

……………………………………………………………..

7) Aussie Dollar on the DAILY chart:

Notes:

Last week we broke a Dunny house full of EMA`s to the downside……so my feeling is we might be ranging this week from the roadblock area at 0.7893 top area and bottom area at 0.7779 where we have the daily 200 EMA waiting.

So I will be looking for trade set ups from the above levels.

………………………………………………………………

8) Aussie JPY on the 4 hour chart:

Currently I have an Earth and Sky short zone between 85.77 and 86.64 with areas to keep an eye on the 38.2 fib at 85.53 and 86.20 and 86.56 resistance areas where after I will re look to short this pair again.

Possible counter longs at 84.01 and 83.56 support levels.

Notes:

Wait for price to come to you.

………………………………………………………………

9) Dollar JPY on the 4 hour chart:

Currently I have an Earth and Sky short zone between 109.17 and 109.73 with areas to keep an eye on the 38.2 fib at 108.91 and 109.07 and 109.17 resistance areas where after I will re look to short this pair again.

Possible counter longs at 107.89 and 106.91 support areas.

Notes:

Wait for price to come to you !!

………………………………………………………………

10) Dollar CAD on the DAILY chart:

Notes:

Last week we broke a Dunny house full of EMA`s to the upside…..so now I will re look to short from the roadblock we have at 1.2700/22 areas.

We also have the possibility for a M2 long set up here from the MR1 pivot at 1.2515 – so keep that in mind.

………………………………………………………………

11) Dollar SGD on the DAILY chart:

Last week we closed 66 pips higher than the opening…..so we can’t fib the 4 hour to get a short zone – we have to fib the daily chart.

Currently I have an Earth and Sky short zone between 1.3190 and 1.3280 with areas to keep an eye on the 1.3280 and 1.3321 resistance areas where after I will re look to short this pair again.

Possible counter longs at the WS1 pivot at 1.3178 and 1.3080 support area

Notes:

Currently we have support EMA`S in place so will prefer if price can break under the 1.3226 level first before considering looking for a short.

………………………………………………………………

12) Dollar Index on the DAILY chart:

Last week we closed 114 pips higher than the opening…..so we can’t fib the 4 hour to get a long zone – we have to fib the daily chart.

Currently I have an Earth and Sky short zone between 90.53 and 91.59 with areas to keep an eye on the 90.53 and 90.65 and 91.00 resistance areas where after I will re look to short this pair again.

Possible counter longs at the 88.41 and 88.00 support levels.

Notes:

While the daily 55 EMA holds at 91.11 my bias will be to look for short set ups on this Index.

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bloggg

Regards

Pierre

PS: Make the video clip bigger to see the levels more clearly !!!

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