Thursday, October 15, 2009
The Tenkan-sen remains above the Kijun-sen for a Bullish Cross
The pair are also above the Kumo, as is the price and the Chikou. This is also a bullish indication.
The Tenkan-sen and Kijun-sen are showing a loss of momentum and the Chikou is drawing in an area of support/resistance between 1088 and 1092.
The Kumo is bullish with Span A over Span B (white over yellow) and is continuing to raise the support levels. There is some weakness in the Kumo on Friday morning but unless it is tested it will be a mute point.
Below is a bearish Alt Count that would have P2 finished. We will know soon.
Analysis presented on this Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling currency contracts.
Posted by Robert Campbell at 09:17