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Friday, May 14, 2010

Friday

15:00

The hourly chart shows Price finding support at the lower edge of the Kumo. The market is forming Spinning Tops indicating indecision and MoneySpy is indicating some upward pressure.

I'm looking for the market to follow the Kumo up into the close.



10:30 EST

DDF has a Bearish Bias today
Price broke the yellow fork. This blue fork created by aligning the top tine indicates 1135 as an area of support. A retest of the Top tine on the cyan fork is a likely possibility.


The hourly chart also shows Kumo support at 1135.

Pivot Points appear to support these other indicators


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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