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Thursday, March 4, 2010

Thursday

11:00 EST
DDF is indicating a Bullish Bias for the day
60 minute MoneySpy is currently Bearish as is PPS
The Green Andrews Pitchfork has not been broken.
1116 remains a key level for a Bearish reversal on both the Kagi and Renko charts.
The Ichimoku remains Bullish but Price is oscillating across the Tenkan-sen which remains in the Bullish cross on the 60 minute chart.
The Daily Ichimoku Kumo is holding resistance and has a weakness which could open the door to lower Price

It's a mixed bag if indicators which seems to accommodate a wave 4 Elliott Wave correction.

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

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