{"id":215253,"date":"2019-03-06T09:00:50","date_gmt":"2019-03-06T09:00:50","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=215253"},"modified":"2024-05-24T18:11:06","modified_gmt":"2024-05-24T17:11:06","slug":"comprehensive-earth-and-sky-analysis","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/comprehensive-earth-and-sky-analysis\/","title":{"rendered":"Comprehensive Earth and Sky Analysis"},"content":{"rendered":"<p><img decoding=\"async\" class=\"size-medium wp-image-215254 alignleft\" src=\"https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2019\/03\/Earth-Sky-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" title=\"\" srcset=\"https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2019\/03\/Earth-Sky-300x200.jpg 300w, https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2019\/03\/Earth-Sky-1024x683.jpg 1024w, https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2019\/03\/Earth-Sky-1080x720.jpg 1080w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Good morning all.<\/p>\n<p>What\u2019s up and what\u2019s down this morning?<\/p>\n<p>Well, let\u2019s have a look\u2026\u2026<\/p>\n<p>There is yet more scheduled news for the Aussie, including interest rate news and statement.<\/p>\n<p>The RBA governor Lowe is also making a speech on Tuesday, in Sydney about the housing situation. THAT could cause some big Aussie moves as audience questions are invited and there is a real concern of a housing \u201cbubble\u201d in Australia and particularly in Sydney.<\/p>\n<p>Finally its\u00a0NFP\u00a0week, so\u00a0<strong>n<\/strong>o<strong>\u00a0f<\/strong>orex,<strong>\u00a0p<\/strong>lease !!!<\/p>\n<p>As ever check the calendar before taking any trades:\u00a0<a href=\"https:\/\/www.forexfactory.com\/calendar.php\" target=\"_blank\" rel=\"noopener\">https:\/\/www.forexfactory.com\/calendar.php<\/a><\/p>\n<p>Keep up to date with various news sites like\u00a0<a href=\"http:\/\/zerohedge.talking-forex.com\/live.html\" target=\"_blank\" rel=\"noopener\">http:\/\/zerohedge.talking-forex.com\/live.html<\/a>\u00a0&amp;\u00a0<a href=\"https:\/\/www.bloomberg.com\/\" target=\"_blank\" rel=\"noopener\">Bloomberg\u00a0<\/a>to name a few.<\/p>\n<p>This site is good if you are wanting to check Brexit updates before trading the GBP\u00a0<a href=\"https:\/\/www.newsnow.co.uk\/h\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.newsnow.co.uk\/h\/<\/a><\/p>\n<p style=\"text-align: center;\"><strong>Strongest vs. Weakest Currency Pairs As of Yesterday Morning:<\/strong><\/p>\n<p>Top 5 strongest and the weakest currency pairs on the\u00a0<strong>4-hour chart this morning:<\/strong><\/p>\n<p><strong>Strongest:<\/strong>\u00a0USD\/CAD and Aussie\/CAD and NZD\/CAD and Euro\/CAD and GBP\/CAD<\/p>\n<p><strong>Weakest:<\/strong>\u00a0CAD\/JPY and CAD\/CHF and GBP\/USD and GBP\/JPY and GBP\/CHF<\/p>\n<ul>\n<li>Look out for possible trading opportunities here too at support and resistance levels.<\/li>\n<li>Look to the left of the chart to spot them. If you struggle \u2013 put it on a line chart.<\/li>\n<\/ul>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.<\/strong><\/p>\n<p><strong><u>1) Euro Dollar on the DAILY chart:<\/u><\/strong><\/p>\n<blockquote><p>* the Main trend is short\u2026.however last week we closed plus 28 pips higher than the opening so we can\u2019t fib the 4 hour for a short zone and have to fib the daily chart to get a short zone *<\/p><\/blockquote>\n<p>Currently, I have an\u00a0<strong>Earth and Sky short zone\u00a0<\/strong>between 1.13613 and 1.14248 with areas to keep an eye on the 1.1364 and 1.1376 resistance areas where after I will relook to short this pair again.<\/p>\n<p>Possible counter longs 1.1320 and 1.1278 \u00a0and 1.1240 support areas.<\/p>\n<p><strong>Notes:<\/strong><\/p>\n<p>If price for some reason breaks the short zone to the upside\u2026.then I have a plan B short zone between 1.1488 and 1.1567 resistance areas where we have loads happening.<\/p>\n<p>If we don\u2019t get this bullish move\u2026.then I will prefer price to break and close under the monthly main pivot and the EMA`s at 1.1364 area before I will re-look to short this pair again\u2026\u2026..this was the case yesterday so possible M2 shorts can set up now from 1.1364\/74 if it gives the resistance we want.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.<\/strong><\/p>\n<p><strong><u>2) Euro CAD on the DAILY chart:<\/u><\/strong><\/p>\n<blockquote><p>* the Main trend is short\u2026.however last week we closed plus 225 pips higher than the opening so we can\u2019t fib the 4 hour for a short zone and have to fib the daily chart to get a short zone *<\/p><\/blockquote>\n<p><strong>Notes:<\/strong><\/p>\n<p>Price already broke the earth and sky short zone to the upside if we had to fib the daily chart so we need a plan B<\/p>\n<p>Next line in the sand will be the 200 EMA at 1.5131 where we might find resistance followed by a short set up again.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.<\/strong><\/p>\n<p><strong><u>3) Euro JPY on the DAILY chart:<\/u><\/strong><\/p>\n<blockquote><p>* Main trend is short\u2026.however last week we close plus 179 pips higher than the opening so we can\u2019t fib the 4 hour for a short zone and have to fib the daily\u2026.problem here is we already passed last month\u2019s high areas so we can\u2019t fib the daily too for a short zone so we need a plan B for this pair *<\/p><\/blockquote>\n<p><strong>Notes:<\/strong><\/p>\n<p>The main trend is short so possible resistance levels between the MR1 pivot and 200 EMA \u2013 127.64 to 128.00 and 128.64 areas where I will prefer to look for short setups again.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.<\/strong><\/p>\n<p><strong><u>4) Euro GBP on the 4-hour chart :<\/u><\/strong><\/p>\n<p>Currently, I have an\u00a0<strong>Earth and Sky short zone\u00a0<\/strong>between 0.8614 and 0.8657 with areas to keep an eye on the 0.8614 and 0.8627 and 0.8635 resistance areas where after I will re-look to short this pair again.<\/p>\n<p>Possible counter longs at 0.8521 and 0.8440 support areas.<\/p>\n<p><strong>Notes:<\/strong><\/p>\n<p>If price for some reason breaks the short zone to the upside\u2026.then I have a plan B short zone between 0.8726 and 0.8780 resistance areas.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.<\/strong><\/p>\n<p><strong><u>5) GBP Dollar on the 4-hour chart:<\/u><\/strong><\/p>\n<p>Currently, I have an\u00a0<strong>Earth and Sky long zone\u00a0<\/strong>between 1.3199 and 1.3123 with areas to keep an eye on the 1.3157 and 1.3123 support areas where after I will re-look to long this pair again.<\/p>\n<p>Possible counter shorts at 1.3354 resistance areas.<\/p>\n<p><strong>Notes:<\/strong><\/p>\n<p>If price for some reason breaks the long zone to the downside\u2026.then I have a plan B long zone between 1.3052 and 1.2972 support areas where we have loads happening.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.<\/strong><\/p>\n<p><strong><u>6) GBP JPY on the 4-hour chart:<\/u><\/strong><\/p>\n<p>Currently, I have an\u00a0<strong>Earth and Sky long zone\u00a0<\/strong>between 146.47 and 145.42 with areas to keep an eye on the 38.2 fib at 146.92 and 146.33 support areas where after I will re-look to long this pair again.<\/p>\n<p>Possible counter shorts at 149.47 resistance areas.<\/p>\n<p><strong>Notes:<\/strong><\/p>\n<p>If price for some reason breaks the long zone to the downside\u2026.then I have a plan B long zone between 144.2and 143.63 support areas where we have loads happening.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026..<\/strong><\/p>\n<p><strong><u>7) Aussie Dollar on the 4-hour chart:<\/u><\/strong><\/p>\n<p>Currently, I have an\u00a0<strong>Earth and Sky short zone\u00a0<\/strong>between 0.7132 and 0.7165 with areas to keep an eye on the 38.2 fib at 0.7116 and 0.7136 and 0.7144 and 0.7161 resistance areas where after I will re-look to short this pair again.<\/p>\n<p>Possible counter longs at 0.7031 and 0.6985 support areas.<\/p>\n<p><strong>Notes:<\/strong><\/p>\n<p>If price makes a new lower low without the correction follow price with your fib to get the adjusted trading zone for the week.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026<\/strong><\/p>\n<p><strong><u>8) Aussie JPY on the DAILY chart:<\/u><\/strong><\/p>\n<blockquote><p>* The main trend is still short\u2026.however last week we closed plus 29 pips higher than the opening so we can\u2019t fib the 4 hour for a short zone and have to fib the daily chart\u2026.problem price already back at last month\u2019s highs so we need to look for a plan B *<\/p><\/blockquote>\n<p><strong>Notes:<\/strong><\/p>\n<p><strong>Plan B:<\/strong>\u00a0Will look for possible resistance at the MR1 pivot at 80.07 and the 200 EMA at 80.65 \u00a0and the MR2 pivot at 81.16 resistance areas followed by a short set up.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026<\/strong><\/p>\n<p><strong><u>9) Aussie\/NZD on the DAILY chart:<\/u><\/strong><\/p>\n<p>Currently, I have an\u00a0<strong>Earth and Sky short zone\u00a0<\/strong>between 1.0457 and 1.0502 with areas to keep an eye on the 1.0466 and 1.0502 resistance areas where after I will re-look to short this pair again.<\/p>\n<p>Possible counter longs at 1.0344 and 1.0268 support areas.<\/p>\n<p><strong>Notes:<\/strong><\/p>\n<p>If we make new lower lows without the correction \u2013 follow price with the fib so that the short zone can adjust.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026<\/strong><\/p>\n<p><strong><u>10) Dollar JPY on the 4 hour chart:<\/u><\/strong><\/p>\n<p>Currently, I have an\u00a0<strong>Earth and Sky long zone\u00a0<\/strong>between 111.21 and 110.78 with areas to keep an eye on the 38.2 fib at 111.45 and 111.20 and 111.00 support areas where after I will re-look to long this pair again.<\/p>\n<p>Possible counter shorts at 112.00 and 112.54 resistance areas.<\/p>\n<p><strong>Notes:<\/strong><\/p>\n<p>If we make new higher highs without the correction \u2013 follow price with the fib so that the long zone can adjust.<\/p>\n<p><strong>\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026<\/strong><\/p>\n<p><strong><u>11) Dollar CAD on the 4 hour chart:<\/u><\/strong><\/p>\n<p>Currently, I have an\u00a0<strong>Earth and Sky long zone\u00a0<\/strong>between 1.3224 and 1.3168 with areas to keep an eye on the 38.2 fib at 1.3251 and 1.3239 and 1.3224 support areas where after I will re-look to long this pair again.<\/p>\n<p>Possible counter shorts at 1.3365 and 1.3432 resistance areas.<\/p>\n<p><strong>Notes:<\/strong><\/p>\n<p>If we make new higher highs without the correction \u2013 follow price with the fib so that the long zone can adjust.<\/p>\n<p>Speak soon.<\/p>\n<p>Pierre<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning all. What\u2019s up and what\u2019s down this morning? Well, let\u2019s have a look\u2026\u2026 There is yet more scheduled news for the Aussie, including interest rate news and statement. The RBA governor Lowe is also making a speech on Tuesday, in Sydney about the housing situation. THAT could cause some big Aussie moves as [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":215254,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","rank_math_focus_keyword":"","rank_math_description":"Discover an analysis of the Earth &amp; Sky trading strategy, covering key trends, support, and resistance levels, with insights on various currency pairs.","rank_math_title":"","footnotes":""},"categories":[3],"tags":[9,69,272],"class_list":["post-215253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-articles","tag-forex-analysis","tag-forex-trading","tag-learn-to-trade"],"_links":{"self":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/215253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/comments?post=215253"}],"version-history":[{"count":1,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/215253\/revisions"}],"predecessor-version":[{"id":219515,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/215253\/revisions\/219515"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/215254"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=215253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=215253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=215253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}