Its A Boy!!

by | Nov 10, 2016 | Forex Analysis

fugly-trump

Good morning everyone

I hope you are all well and still sitting on your hands?

I had some unexpected urgent family matters I had to attend to yesterday so I do appolige for not posting a Tuesday morning Earth and Sky analysis. I think it’s the first time in almost 8 years where I missed a Tuesday morning post…..but the timing was spot on if I had to miss one….as you were not suppose to trade the early part of this week !!!

Looking back this morning we can see some of the pairs I mentioned in my `Monday morning  quickie` panned out very nicely technically – but it was a gamble and I wouldn’t have taken any of them……it was just too risky

As my mom have said to me yesterday: The USA is in labour now and we will know in the next 24 hours if it’s going to be a boy or a girl……and let me tell you Pierre, dont mess with a woman that`s in labour !!!

Thanks mom for that advise….. 🙂

…………..but it’s still nice to see some of my pivot points working technically very well in the labour ward !! 🙂

It`s now 10:00 here in South African while I am typing this update…..and by the looks of it mother……….

ITS A BOY !!!

Here is a technical update again but as I have mentioned before, it’s still very risky to trade at the moment as we dont know what the aftermath will be so just use my update to learn from it and to see what I look for….technically !! Trump wants to clamp down on imports…….and we can already see what the JPY`S are doing……and yes…..he metioned this already in 1988 !!!!

So take care people !!!!!!!

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Lets have a look:   

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1) Euro Index on the 4 hour chart:

Looking for solid resistance at the WR2 pivot at 102.58 for a possible short back to the WR1 pivot at 102.13 ( resistance now support) and if that breaks……back down to  101.64.

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2) Euro/Dollar on the 4 hour chart:

Looking for solid resistance at the WR1 pivot at 1.1268 and 1.1300 for a possible short back to the WR1 pivot at 1.1181 ( resistance now support) and if that breaks……back down to  1.1141

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3) Euro/JPY on the 4 hour chart:

Looking for solid support at the 55 and 200 EMA`S at 114.49 for a possible long set up…..but be careful this one is pushing and pulling big time

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4) Euro/GBP on the 4hour chart:

Looking for solid resistance at the WR1 pivot at 0.9006 for a possible short back to the 0.8947 level where we have a 55 EMA waiting.

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5) GBP/Dollar on the Daily chart:

We still have that 200 EMA at the 50% fib area and the 55 EMA at the 62.5 fib at 1.2582 area that`s giving resistance.

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6) GBP/JPY on the Daily chart:   

I warned on Monday that we had loads of EMA`S at the 130.27 and 130.74 level. These EMA`S gave price a kick in the teeth as we dropped 370 pips. So those EMA`S will stay key resistance area for this pair

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7) Aussie/Dollar on the Daily chart:

Price broke the triangle to the upside…..but got burned at the MR1 pivot I mentioned at 0.7725 and if we look at the weekly pivots we can see how the WR2 pivot kicked price here to in the teeth.

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8) Aussie/JPY on the 4hour chart:

To wild for me at the moment.

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9) Dollar/JPY on the 4 hour chart:

This one opened with a big GAP on Monday. Price moved bullish and got burned big time at the WR1 pivot at 105.36 and dropped over 400 pips braking all the EMA`S and Pivots to the downside.

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10) Dollar/CAD on the Daily chart:

Looking at the daily this morning we can see how the monthly main pivot and WS2 pivot and 4 hour 200 EMA gave support for this one at 1.3274. Price burned here and rallied here for 250 odd pips. I will keep  an eye on the 1.3511 level again for possible shorts.

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11) Dollar Index on the Daily chart:

This one found support  at the 97.00 level in the Earth and Sky long zone last week and gave some pips with a long…..however, this morning we touched the 98.00 level and dropped like a stone for a 180 odd pips. We are now at a key support level as we have the daily 200 EMA and MS1 pivot at 96.18 so possible long set ups can be on the cards

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Well that’s that and all that`s left to say this morning is:

My the Trump force be with you !!!

Regards

Pierre

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