Top 8 Earth and Sky for the week………

by | Aug 4, 2021 | Forex Analysis

Howzit ?

I hope you all healthy and wealthy this Monday evening 🙂

Looking at my charts then we have 8 potential pairs to keep an eye on for the week ahead…..

Lets have a look…..

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Let’s have a look at some Earth and Sky set ups to keep an eye on….

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1) Euro/Aussie the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 202 pips higher than last week`s opening so we did meet ALL of the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.   

Currently I have a long zone between 1.6071 and 1.6014 with areas to keep an eye on at 1.6051 and 1.6043 and 1.6022 areas again for possible longs.

Target: 1.6184 and 1.6200 and 1.6239 areas.

Counter shorts from the 1.6200 and 1.6239 areas.

Target: 1.6099 and 1.6071 1.4155 areas.

Notes:

First support  road blog is at the 38.2 bib but I will prefer a deeper correction

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2) Euro/NZD the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 176 pips higher than last week`s opening so we did meet ALL of the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.   

Currently I have a long zone between 1.6952 AND 1.6897 with areas to keep an eye on at 1.6952 and 1.6925 and 1.6916 areas again for possible longs.

Target: 1.7064 and 1.7109 areas.

Counter shorts from the 1.7109 areas.

Target: 1.6975 areas.

Notes:

First support  road blog is at the 38.2 bib but I will prefer a deeper correction

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3) GBP/CAD the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 71 pips higher than last week`s opening so we did meet ALL of the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.   

Currently I have a long zone between 1.7373 and 1.7312 with areas to keep an eye on at 1.7343 and 1.7312 areas again for possible longs.

Target: 1.7468 and 1.7494 areas.

Counter shorts from the 1.7468 and 1.7494 areas.

Target: 1.7360 area.

Notes:

If we break the 75% fib to the downside for some reason then be careful as we can go visit last week’s low at 1.7251 where I will re look for support to long from again…..

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4) GBP/Aussie the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 295 pips higher than last week`s opening so we did meet ALL of the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.   

Currently I have a long zone between 1.8805 and 1.8722 with areas to keep an eye on at 1.8805 and 1.8764 and 1.8722 areas again for possible longs.

Target: 1.8972 and 1.9058 areas.

Counter shorts from the 1.9000 and 1.9058 areas.

Target:1.8848 and 1.8805 area.

Notes:

First support  road blog is at the 38.2 bib but I will prefer a deeper correction

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5) GBP/NZD the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 266 pips higher than last week`s opening so we did meet ALL of the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.   

Currently I have a long zone between 1.9870 and 1.9771 with areas to keep an eye on at 1.9870 and 1.9820 and 1.9771 areas again for possible longs.

Target: 2.0068 and 2.0115 areas.

Counter shorts from the 2.0068 and 2.0115 areas.

Target: 1.9891 areas.

Notes:

First support  road blog is at the 38.2 bib but I will prefer a deeper correction

If we break the 75% fib to the downside for some reason then be careful as we can go visit last week’s low at .19700 and 1.9672 where I will re look for support to long from again…..

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6) Aussie/CAD on the 4 hour chart:

The direction indicator is short on the 4 hour AND THE daily chart and we closed min 90 pips lower than last week`s opening so we did meet ALL of the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.   

Currently I have a short zone between 0.9211 and 0.9246 with areas to keep an eye on at 0.9229 and 0.9240 areas again for possible shorts.

Target: 0.9105 levels

Counter longs  from the WS pivot at 0.9105 areas.

Target: 0.9193 and 0.9211 areas.

Notes:

Keep an eye on the 55 EMA for that resistance we want in the short zone.

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7) Aussie/JPY on the 4 hour chart:

The direction indicator is short on the 4 hour AND THE daily chart and we closed min 74 pips lower than last week`s opening so we did meet ALL of the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.   

Currently I have a short zone between 80.89 and 81.20 with areas to keep an eye on at 80.89 and 81.00 and 81.22 areas again for possible shorts.

Target: 80.16 levels

Counter longs  from the WS1 pivot at 80.16 areas.

Target: 80.84 and 80.89 areas.

Notes:

Keep an eye on the 55 EMA for that resistance we want in the short zone.

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8) Dollar/CHF on the 4 hour chart:

The direction indicator is short on the 4 hour AND THE daily chart and we closed min 134 pips lower than last week`s opening so we did meet ALL of the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.   

Currently I have a short zone between 0.9119 and 0.9160 with areas to keep an eye on at 0.9122 and 0.9131 and 0.9144 areas again for possible shorts.

Target: 0.9037 and 0.8994 levels

Counter longs  from the WS1 pivot at 0.8994 areas.

Target: 0.9098 and 0.9122 areas.

Notes:

If we make new lower lows without the correction follow price with the fib to get the adjusted short zone for the week.

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Happy trading….

Look out for some catch up post this week in the forum.

Pierre

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