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Good morning everyone<\/p>\n
I hope you are all well, healthy and wealthy this morning.<\/p>\n
Lizelle and I went on a 1300 km round trip this weekend……….and the result……………….?<\/p>\n
A new 8 week old puppy add on to the family\u00a0( what you will not do for your kids \ud83d\ude42 )<\/p>\n
………so my suggestion is to double check my analysis this morning as the whole house is sleep deprived……….except Cody that is !!<\/p>\n
Looking at the spaghetti Indi this morning then we need to keep our eyes on the \u00a0Aussie\/Dollar……Aussie\/CAD and NZD\/Dollar this for the early part of the week.<\/p>\n
Let’s have a look at the Forex kitchen :<\/u><\/p>\n
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1) Euro Index on the DAILY chart:<\/u><\/strong><\/p>\n Last week we only closed 14 pips higher than the opening of last week. This morning we already at last week’s high area so we can’t fib the 4 hour chart…….so we go to the daily.<\/p>\n Currently I have an Earth and Sky short zone between 100.75 and 101.71 with areas to keep an eye on at 100.30 (38.2 fib and MS1 pivot and some EMA`S) for solid resistance before I will look to short<\/p>\n Also keep an eye on the 99.92 level as we have a daily 200 EMA here that can form a possible road block here too.<\/p>\n Possible counter longs from 98.85 and 98.45<\/p>\n ……………………………………………………………….<\/p>\n 2) Euro Dollar on the DAILY hour chart:<\/u><\/strong><\/p>\n Last week we only closed 31 pips higher than the opening of last week. This morning we already at last week’s high area so we can’t fib the 4 hour chart…….so we go to the daily.<\/p>\n Currently I have an Earth and Sky short zone between 1.0907 and 1.1104 with areas to keep an eye on at 1.0815 (38.2 fib and some EMA`S) and 1.0907 (55EMA) for solid resistance before I will look to short.<\/p>\n Also keep an eye on the 1.0675 this morning as we have a weekly pivot here that can form a possible road block here too.<\/p>\n Possible counter longs from 1.0515 and 1.0451<\/p>\n ……………………………………………………………….<\/p>\n 3) Euro JPY on the 4 hour chart:<\/u><\/strong><\/p>\n Currently I have an Earth and Sky long zone between 118.73 and 118.02 with areas to keep an eye on at 118.18 and 118.00 for solid support before I will look to long<\/p>\n Also keep an eye on the 118.99 this morning as we have a weekly main pivot here that can form a possible road block here too.<\/p>\n Possible counter short from 120.68<\/p>\n ……………………………………………………………….<\/p>\n 4) Euro GBP on the 4 hour chart:<\/u><\/strong><\/p>\n Currently I have an Earth and Sky short zone between 0.8552 and 0.8597 with areas to keep an eye on at 0.8559 (55 EMA) for solid resistance before I will look to short.<\/p>\n Possible counter longs from 0.8429 and 0.8402<\/p>\n ……………………………………………………….<\/strong><\/p>\n \u00a05) GBP Dollar on the DAILY chart:<\/u><\/strong><\/p>\n Sitting on my hands…………my preference is to look for shorts. We trapped in one mother of an triangle so we need to wait for a clear break out.<\/p>\n ……………………………………………………………….<\/p>\n 6) GBP JPY on the DAILY chart:<\/u><\/strong><\/p>\n Huge road block for this one at the MR3 pivot and daily 200 EMA at 141.17 and 141.54 where price slowed down last week. I will keep an eye on this level to short again.<\/p>\n ………………………………………………………………<\/p>\n 7) Aussie Dollar on the 4 hour chart:<\/u><\/strong><\/p>\n Last week we only closed 117 pips higher than the opening of last week….. so we can’t fib the 4 hour chart as the main trend is still short……..so we go to the daily.<\/p>\n Currently I have an Earth and Sky short zone between 0.7542 and 0.7660 with areas to keep an eye on at 0.7521\/36\/55 ( loads happening there with EMA`S) for solid resistance before I will look to short.<\/p>\n Possible counter longs from 0.7542 and 0.7305 and 0.7242<\/p>\n ………………………………………………………………<\/p>\n 8) Aussie JPY on the 4 hour chart:<\/u><\/strong><\/p>\n Currently I have an Earth and Sky long zone between 82.43 and 82.00 with areas to keep an eye on at \u00a082.62\/43 for solid support before I will look to long<\/p>\n Possible counter shorts from 84.62 and 85.25<\/p>\n ………………………………………………………………<\/p>\n 9) Dollar JPY on the 4 hour chart:<\/u><\/strong><\/p>\n Currently I have an Earth and Sky long zone between 112.10 and 111.19 with areas to keep an eye on at 111.64 and 11.19 and 111.00 \u00a0for solid support before I will look to long<\/p>\n Possible counter shorts from 114.26<\/p>\n ………………………………………………………………<\/p>\n 10) Dollar CAD on the 4 hour chart:<\/u><\/strong><\/p>\n Currently I am sitting on my hands. The preference is still to look for longs as the direction Indi shows long on the 4 hour and daily chart. Problem for me is if we look at the 4 hour chart we can see we trapped in a triangle on this one……..so even if we break to the downside I will prefer if we can get back down to the 200 EMA at 1.3387 before I will consider taking any longs again.<\/p>\n ………………………………………………………………<\/strong><\/p>\n 11) Dollar Index on the DAILY chart:<\/u><\/strong><\/p>\n Last week we only closed min 10 pips lower than the opening of last week. This morning we already at last week’s low area so we can’t fib the 4 hour chart…….so we go to the daily.<\/p>\n Currently I have an Earth and Sky short zone between 98.97 and 97.42 with areas to keep an eye on at the 38.2 fib at 99.85 for solid support ( MR1 pivot and 38.2 fib) before I will look to long<\/p>\n Possible counter sorts from 102.04<\/p>\n 12) NZD\/Dollar on the 4 hour chart:<\/u><\/strong><\/p>\n Currently we hitting a key resistance level on this one as we hitting the daily 200 EMA at a WR1 pivot at 0.7099 so possible short can set up this morning here for a trade back down to the 55 EMA at 0.7061 and the weekly main pivot at 0.7035<\/p>\n 13) Aussie\/CAD on the 4 hour chart:<\/u><\/strong><\/p>\n Currently we hitting a key resistance level on this one as we hitting the 4 HOUR 200 EMA at 1.00876 so possible short can set up this morning here.<\/p>\n I will be back tomorrow with an comprehensive Earth and Sky analysis for the rest of the week<\/strong><\/p>\n Regards<\/p>\n Pierre<\/p>\n If you would like to learn how to trade like a professional check out our 5* rated forex mentor program by clicking on the \u201cGet Started\u201d Button below<\/p>\n
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