Quick Monday Morning Analysis!!!

by | Jan 15, 2018 | Forex Analysis

winning forex trades

Good morning everyone.

How you all doing this Martin Luther King day ?

I am expecting a slow day as we have a bank holiday in the USA today – however……we do have some pairs thats hitting key levels this morning.

Pairs that stands out for me is morning will have to be ……….

1) Euro/Dollar – Possible counter short

2) GBP/Dollar – Possible counter short

3) Aussie/Dollar – Possible counter short

4) Dollar CHF  – Possible counter long

4) Dollar/SGD – Possible counter long

5) Dollar Index – Possible counter long

So I will be keeping an eye on the above

……………………………………………………………….

Webinar registrations: 

TRY to get to the live training sessions, we are able to explain our plans in much greater detail and those who can attend have a better chance of having a profitable week. If you can’t make it then make sure to check out the recording and the notes. As ever some of the trades that we showed in the last session fired and gave pips once more so don’t miss out!

Please register for this week’s Forex Mentor Pro Live Training on Tuesday, 16th January 2018 at 11:00 AM GMT (London Time) at:

https://attendee.gotowebinar.com/register/4467352415617566979

Live training session with Marc Walton. Pierre du Plessis & Judith Waker. The team will assess fundamentals, M2 Earth & Sky & the trigger system for potential trades. Followed by a Q & A session

After registering, you will receive a confirmation email containing information about joining the webinar.

……………………………………………………………….

……………………………………………………………….

1) Euro Dollar on the 4 hour chart:

Currently I have an Earth and Sky long zone between 1.2079 and 1.1999 with areas to keep an eye on the 38.2 fib at 1.2117 and 1.2039 and 1.2019 support areas where after I will re look to long this pair again.

Possible counter shCoolbeas007rts at 1.2219 and 1.2297 resistance areas.

Notes:

Currently hitting a monthly pivot with MACD that high so possible counter shorts can be on the cards.

……………………………………………………………….

2) Euro JPY on the DAILY chart:

Notes:

LEAVING IT ALONE FOR NOW as this pair don’t respect the EMA`S at the moment. Will re look to short from the top area at 136.41 and long from the bottom area at 132.99.

……………………………………………………………….

3) Euro GBP on the DAILY chart :

Notes:

We broke a triangle to the downside…..and pulled back to the bull trend line currently at 0.8900 so possible shorts can set up from here…..but be careful.

……………………………………………………………….

 4) GBP Dollar on the 4 hour chart:

Currently I have an Earth and Sky long zone between 1.3613 and 1.3535 with areas to keep an eye on the 38.2 fib at 1.3650 and 1.3557 and 1.3545 support areas where after I will re look to long this pair again.

Possible counter shorts at 1.3770 and 1.3830 resistance areas.

Notes:

If price makes a new high follow it with your fib to get the adjusted trading zone for the week.

……………………………………………………………….

5) GBP JPY on the WEEKLY chart:

Notes:

Price bumping the weekly 200 EMA at 153.63 this morning again. This will be a key level to keep an eye on. If it holds…..short…..if it breaks to the upside….possible M2 long.

……………………………………………………………..

6) Aussie Dollar on the 4 hour chart:

Currently I have an Earth and Sky long  zone between 0.7884 and 0.7846 with areas to keep an eye on the 38.2 fib at 0.7900 and 0.7878 and 0.7856 and 0.7846 support areas where after I will re look to long this pair again.

Possible counter shorts at 0.7948 and 0.7988 resistance areas.

Notes:

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

………………………………………………………………

7) Aussie JPY on the DAILY chart:

Last week we closed min 105 pips lower than the opening…..however the main trend is still long so we can’t fib the 4 hour but have to fib the daily chart for the long zone.

Currently I have an Earth and Sky long zone between 86.80 and  85.66 with areas to keep an eye on the 38.2 fib at 87.34 and 86.80 and 86.38 support areas where after I will re look to long this pair again.

Possible counter shorts at 89.12 resistance level.

Notes:

While the daily 200 EMA holds at 86.38 my bias will be to look for long set ups.

………………………………………………………………

8) Dollar JPY on the 4 hour chart:

Currently I have an Earth and Sky short zone between 112.06 and 112.77 with areas to keep an eye on the 38.2 fib at 111.73 and 111.99 and 112.52 areas where after I will re look to short this pair again.

Possible counter longs at 110.33 and 109.43 support areas.

Notes:

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

………………………………………………………………

9) Dollar CAD on the DAILY chart:

Last week we closed plus 65 pips lower than the opening…..however the main trend is still short so we can’t fib the 4 hour but have to fib the daily chart for the short zone.

Currently I have an Earth and Sky short zone between 1.2646 and 1.2780 with areas to keep an eye on the 38.2 fib at 1.2572 and 1.2646 and 1.2700 and 1.2773 areas where after I will re look to short this pair again.

Possible counter longs at 1.2356 and 1.2300

Notes:

Currently in no man’s land so wait for price to come to you !!

………………………………………………………………

10) Dollar SGD on the 4 hour chart:

Currently I have an Earth and Sky short zone between 1.3286 and 1.3328 with areas to keep an eye on the 38.2 fib at 1.3266 and 1.3285 and 1.3300 and 1.3317 resistance areas where after I will re look to short this pair again.

Possible counter longs at the WS1 pivot at 90.29

Notes:

Hitting first support roadblock this morning at the WS1 pivot so possible support coming up.

………………………………………………………………

11) Dollar Index on the 4 hour chart:

Currently I have an Earth and Sky short zone between 91.64 and 92.15 with areas to keep an eye on the 38.2 fib at 91.41 and 91.64 and 91.90 and 92.00 resistance areas where after I will re look to short this pair again.

Possible counter longs at the MS1 pivot at 91.48

Notes:

Wait for price to come to you !!!

………………………………………………………………

See you all tomorrow with a comprehensive Earth and Sky analysis.

Regards

Pierre

Related posts:

Quick Monday Morning Overview, 8 May 2017 Pierre’s Monday Morning Quick Analysis Quick Monday Morning Market Analysis winning forex tradesQuick Monday Morning Market Analysis

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.