Pierre`s Monday Morning Quicky Analysis: 14 November 2016

by | Nov 14, 2016 | Forex Analysis

pierres-quickie

Good morning all

Well the American elections are behind us and the crazy volume/momentum moves we experienced last week  seems to be back to normal again.

Looking at the chart this morning we might be in for a good week of trading

Let’s have a look:

1) Euro Index on the 4 hour chart:

Currently I have an Earth and Sky short zone between 101.11 and 101.89 with areas to keep an eye on at 100.75 (38.2 fib) and 100.88 (55EMA) and 101.11 for solid resistance before I will look to short

Possible counter longs from 98.73

If we make new lows today – follow it with your fib to get the adjusted zone for the week.

……………………………………………………………….

2) Euro Dollar on the 4 hour chart:

Currently I have an Earth and Sky short zone between 1.1035 and 1.1167 with areas to keep an eye on at 1.0972 (38.2 fib) and 1.1035 (55EMA and 200 EMA) and 1.1125 for solid resistance before I will look to short.

Possible counter longs from 1.0656

If we make new lows today – follow it with your fib to get the adjusted zone for the week.

……………………………………………………………….

3) Euro JPY on the Daily chart:

Looking at the daily chart as we only closed 7 pips higher last week than the opening of last week……so the daily chart it will have to be.

Looking at the chart, I don’t get a feel for it……..we broke loads of EMA`S at 114.75 to the upside but now we are at a possible double top area here at 116.20

My feeling is to leave this pair alone and only re look once we get back up at the daily 200 EMA at 117.85 before I will consider taking any shorts.

……………………………………………………………….

4) Euro GBP on the 4 hour chart:

Currently I have an Earth and Sky short zone between 0.8798 and 0.8913 with areas to keep an eye on at 0.8785 (55 EMA) and 0.8815 and 0.8843 for solid resistance before I will look to short.

Possible counter longs from 0.8443

If we make new lows today – follow it with your fib to get the adjusted zone for the week.

……………………………………………………….

 5) GBP Dollar on the DAILY chart:

Currently I have an Earth and Sky short zone between 1.2486 and 1.2713 with areas to keep an eye on at 1.2584 for solid resistance before I will look to sort. I do however have a problem as we have the 4 hour 200 EMA and 55 EMA lower down that can form a roadblock and give support…..so take note of it.

Possible counter longs from 1.2030 and 1.1863

……………………………………………………………….

6) GBP JPY on the DAILY chart:

Here we broke loads of EMA`S at 130.27/74 to the upside. I will keep an eye on the weekly 55 EMA at 136.04 for solid resistance before I will consider taking a short.

………………………………………………………………

7) Aussie Dollar on the 4 hour chart:

Currently I have an Earth and Sky short zone between 0.7650 and 0.7714 with areas to keep an eye on at 0.7519 ( loads happening there plus 38.2 fib) for solid resistance before I will look to short.

Possible counter longs from 0.7533 and 0.7456

If we make new highs today – follow it with your fib to get the adjusted zone for the week.

………………………………………………………………

8) Aussie JPY on the 4 hour chart:

Currently I have an Earth and Sky long zone between 79.61 and 78.90 with areas to keep an eye on at  79.76 and 79.35 and 79.14 for solid resistance before I will look to long

Possible counter shorts from 82.46 and 83.18

If we make new lows today – follow it with your fib to get the adjusted zone for the week.

………………………………………………………………

9) Dollar JPY on the 4 hour chart:

Currently I have an Earth and Sky long zone between 104.42 and 102.80 with areas to keep an eye on at 104.00 and 103.69 for solid resistance before I will look to long….HOWEVER also take note of the daily 200 EMA at 105.92 where we might find support this week too

Possible counter shorts from 108.00 and 108.82

If we make new highs today – follow it with your fib to get the adjusted zone for the week.

………………………………………………………………

10) Dollar CAD on the 4 hour chart:

Currently I have an Earth and Sky long zone between 1.3416 and 1.3341 with areas to keep an eye on at 1.3452 ( 38.2 fib) and 1.3430  and 1.3400 for solid support before I will look to long.

Possible counter shorts from 1.3600 and 1.3627

If we make new highs today – follow it with your fib to get the adjusted zone for the week.

………………………………………………………………

11) Dollar Index on the 4 hour chart:

Currently I have an Earth and Sky long zone between 97.78 and 96.83 with areas to keep an eye on at 98.26 ( 38.2 fib) and 97.60 and 97.40 for solid support before I will look to long.

Possible counter shorts from 100.00 and 100.37

If we make new highs today – follow it with your fib to get the adjusted zone for the week.

………………………………………………………………

Regards

Pierre

If you would like to learn how to trade like a professional check out our 5* rated forex mentor program, RISK FREE; by clicking on the “Get Started Today” Button below

728x90

Related posts:

44Live Forex Training Session bigstock Thief Or Burglar 98857448The market looks like its tiptoeing!! 400x250 1The 38.2 Fibonacci In Action: Pierres Earth & Sky Analysis trade around the news videoTrade Around the News Video

None of the Forex Mentor Pro team nor its owners (expressly including but not limited to Marc Walton), officers, directors, employees, subsidiaries, affiliates, licensors, service providers, content providers and agents (all collectively hereinafter referred to as “Forex Mentor Pro ”) are financial advisers and nothing contained herein is intended to be or to be construed as financial advice

Forex Mentor Pro is not an investment advisory service, is not an investment adviser, and does not provide personalized financial advice or act as a financial advisor.

Forex Mentor Pro exists for educational purposes only, and the materials and information contained herein are for general informational purposes only. None of the information provided in the website is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, recommendation or sponsorship of any company, security, or fund. The information on the website should not be relied upon for purposes of transacting securities or other investments.

You hereby understand and agree that Forex Mentor Pro, does not offer or provide tax, legal or investment advice and that you are responsible for consulting tax, legal, or financial professionals before acting on any information provided herein. “This report is not intended as a promotion of any particular products or investments and neither Forex Mentor Pro group nor any of its officers, directors, employees or representatives, in any way recommends or endorses any company, product, investment or opportunity which may be discussed herein.

The education and information presented herein is intended for a general audience and does not purport to be, nor should it be construed as, specific advice tailored to any individual. You are encouraged to discuss any opportunities with your attorney, accountant, financial professional or other advisor.

Your use of the information contained herein is at your own risk. The content is provided ‘as is’ and without warranties of any kind, either expressed or implied. Forex Mentor Pro disclaims all warranties, including, but not limited to, any implied warranties of merchantability, fitness for a particular purpose, title, or non-infringement. Forex Mentor Pro does not promise or guarantee any income or particular result from your use of the information contained herein. Forex Mentor Pro.com assumes no liability or responsibility for errors or omissions in the information contained herein.

Under no circumstances will Forex Mentor Pro be liable for any loss or damage caused by your reliance on the information contained herein. It is your responsibility to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content contained herein. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.

Marc Walton, owner of Forex Mentor Pro, communicates content and editorials on this site. Statements regarding his, or other contributors’ “commitment” to share their personal investing strategies should not be construed or interpreted to require the disclosure of investments and strategies that are personal in nature, part of their estate or tax planning or immaterial to the scope and nature of the Forex Mentor Pro philosophy.

All reasonable care has been taken that information published on Forex Mentor Pro website is correct at the time of publishing. However, Forex Mentor Pro does not guarantee the accuracy of the information published on its website nor can it be held responsible for any errors or omissions.