Good morning all.

How you all doing this stunning Tuesday morning?

Not bad not bad….this side of the world !! 🙂

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1fx trade caller photo white earthandsky 1

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

  1. Dollar Index in the short Earth and Sky zone.
  2. Dollar/SGD getting to the Earth and Sky short zone.
  3. Dollar/JPY hitting the 38.2 fib now……also look at 107.40 for resistance.
  4. Aussie/JPY hitting the Earth and Sky short zone…..keeping an eye on the 55 EMA at 84.89.

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coocking

Lets have a look at whats cooking in the Forex Kitchen this morning.

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1) Euro Index on the 4 hour chart:

Currently I have an Earth and Sky long zone between 108.79 and 108.53 with areas to keep an eye on the 108.58 support areas where after I will re look to long this index again.

Possible counter shorts at the 109.14 and 109.31 levels.

Notes:

If the 4 hour 200 EMA doesn’t hold as support an break to the downside…..then I will re lock at the daily 55 EMA at 108.37 and last week’s low at 108.28 or even 108.00 for support again to look for long set ups.

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2) Euro Dollar on the 4 hour chart:

Currently I have an Earth and Sky long zone between 1.2395 and 1.2314 with areas to keep an eye on the 1.2391 support area where after I will re look to long this pair again.

Possible counter shorts from the 1.2565 resistance area.

Notes:

Currently we breaking the cluster EMA`s SUPPORT  area at 1.2393……so will prefer if we can break and close above this level again before I will re look to long…..if it doesn’t happen….then looking for support at 1.2276  at the 4 hour 200 EMA.

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3) Euro JPY on the DAILY chart:

Notes:

Two weeks ago price broke a Dunny house full of  EMA`S to the downside….. My feeling is that we might now be ranging between 134.27 as top area and 131.42 as bottom area so will be looking for trade set ups once we hit these levels.

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4) Euro GBP on the DAILY chart :

Notes:

I don’t like the way how this one doesn’t respect the EMA`S at the moment.

Will re look for shorts from 0.8900 and 0.8930 if we find resistance there again.

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 5) GBP Dollar on the 4 hour chart:

Currently I have an Earth and Sky long zone between 1.3970 and 1.3882 with areas to keep an eye on the 1.3986 and 1.3881 support areas where after I will re look to long this pair again.

Possible counter shorts at 1.4145 and 1.4186 resistance areas.

Notes:

While the daily 200 EMA holds at 1.3881 my bias will be to look for long set ups.

Currently we breaking the cluster EMA`s SUPPORT  area at 1.3988….so will prefer if we can break and close above this level again before I will re look to long…..if it doesn’t happen….then looking for support at 1.3887 at the 4 hour 200 EMA.

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6) GBP JPY on the WEEKLY chart:

Notes:

Looks like the 148.00 level gave support last week…….so possible support here….I will prefer a correction and to start looking for a short set up from the 4 hour 55 EMA and WR1 pivot at 150.64 and 151.92 area.

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7) Aussie Dollar on the 4 hour chart:

Currently I have an Earth and Sky long zone between 0.7881 and 1.7827 with areas to keep an eye on the 0.7895 and 0.7872 support areas where after I will re look to long this pair again.

Possible counter shorts at 0.7989 and 0.8009 resistance areas.

Notes:

Wait for solid support.

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8) Aussie JPY on the 4 hour chart:

Currently I have an Earth and Sky short zone between 84.47 and 85.04 with areas to keep an eye on the 84.75 and 84.89 and 85.00 resistance areas where after I will re look to short this pair again.

Possible counter longs at 83.32 and 83.06 support levels.

Notes:

Wait for price to slow down now here in the zone….

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9) Dollar JPY on the 4 hour chart:

Currently I have an Earth and Sky short zone between 107.24 and 108.09 with areas to keep an eye on the 38.2 fib at 106.93 and 107.24 and 107.40 resistance areas where after I will re look to short this pair again.

Possible counter longs at 105.54 and 104.89 support areas.

Notes:

Hitting the first resistance roadblock this morning here at the 38.2 fib…….so will be keeping an eye on this pair for that short set up.

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10) Dollar CAD on the DAILY chart:

Notes:

Two week ago…we broke a Dunny house full of EMA`s to the upside…..just to break it to the downside…..and then to the upside again…..I don’t like it when price doesn’t respect the EMA`s…..will prefer to look for shorts from the 1.2693 and 1.2722 areas where we have resistance.

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11) Dollar SGD on the 4 hour chart:

Currently I have an Earth and Sky short zone between 1.3182 and 1.3243 with areas to keep an eye on the 1.3165 and 1.3200 and 1.3220 resistance areas where after I will re look to short this pair again.

Possible counter longs at the WS1 pivot at 1.3026 support area

Notes:

Hitting the 55 EMA this morning…..so we start to hit the resistance areas now followed by a short set up.

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12) Dollar Index on the 4 hour chart:

Currently I have an Earth and Sky short zone between 89.35 and 89.90 with areas to keep an eye on the 89.35 and 89.63 resistance areas where after I will re look to short this pair again.

Possible counter longs at the 88.09 support levels.

Notes:

Wait for solid resistance before you just get in for the sake of being in the market.

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Regards

Pierre

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