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.

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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.

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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.

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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.

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 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

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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.

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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.

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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.

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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.

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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.

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Regards

Pierre

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