Blog Archive

Friday, March 26, 2010

Friday

23:00 EST

Once again Friday closes in a delicate position.
The candlesticks ended with a Bullish Homing Pigeon Pattern.
The buy signal requires a white candle on Monday so short positions need to be very careful


While I have not put Elliott Wave labels on the next chart it's seems clear that Bearish Elliott Wave traders will be expecting a sharp drop into a third wave.

The Andrews Pitchfork shows a very clear trend.
PPS is Bearish.
The MOBO is Bearish.
The Mobo'd Detrended Price Oscillator is Bearish (Bottom sub-graph)
and the Ichimoku has a Bearish Cross but Price has yet to break below the Kumo which has a flat bottom at 1156.
Notice how Price bounced off the aura of the Kumo.
This Kumo may offer support, but the first few hours of Monday do not present an especially strong Kumo.


The Kagi chart continues to be Bearish.

The Pivots are expecting a Bearish Monday



11:15 EST

DDF has a bullish bias






Analysis presented on this Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling currency contracts.

1 comment:

  1. Your article serves as a reference.
    また訪問させていただきます。

    ...my blog:
    http://forex-chart-analysis-and-a-cat.blogspot.com/

    ReplyDelete

Today's Feature

PALESTINE ON THE WORLD'S ANCIENT MAPS

The Palestine which "never existed" appeared on ancient maps, in atlases, encyclopedias and bibles worldwide.

Posted by The International Palestine Network - Gaza on Sunday, February 21, 2016