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 Pivots are expecting a Bearish Monday
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.