Blog Archive

Saturday, June 12, 2010

Sunday

Fridays closed with a white candle stick indicating that long positions should be held.
My indicators are bullish and showing no sign of being over bought.
PPS is bullish on both the hourly and the daily.


The hourly Ichimoku is bullish with Price above the bullish Tenkan-sen/Kijun-sen cross as well as the Kumo, but there is strong resistance from the Chikou-Span at 1105.

The Daily Ichimoku shows Price above the Tenkan-sen which is a warning to the Bears, but the Tenkan/Kijun cross remains bearish and Price is well below the Kumo.

The forks show that if Monday overshoots 1097 then it may push onward toward 1117 before finding resistance.

Currently Price is back above the 255 DMA and will find resistance at the 200 DMA. The 34/89 DMA crosses several days ago.

DDF predicted Fridays bullish bias and set the limits well. We will have to see what the DDF tells us on Monday morning.

Monday's Persons Pivots are shown in the chart below. The red pivots are at 1102 and 1117 which jives with everything I've said.






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. Hi traders!! - EURUSUD
    Trend bearish all time frames, but test this week important suport monthly box [1.1575,1.1890].
    Until now any signal for a temporary bottom at this levels, but i change my view this week, Strong Bearish to Bearish neutral, because this cross test important suport/box montly chart.
    Key number short-term 1.2350 below key expect new lows target 1.1750 ( look to chart fibonacci areas>> perfect testing upside and dowside).
    Last session possible temporary top is formed 1.2152 because for now, resistance hourly range [1.2154,1,2165] and daily chart [1,2154,1,2178].
    If close hourly above 1.2178 new resistance range [1.2233,1.2250].
    Suport hourly 1,20 and range [1.1940,1960]. Close hourly below 1.1960 expect more damage first target last low 1.1875 and second target 1.1750.
    Nothing new follow the pattern of last weeks. Pattern??
    Looking to daily chart EURUSD tested friday last suport box now resistance this pattern have 6 weeks.
    Friday test EMA 21 represent for now important resistance.
    Enjoy your sunday have a nice week.
    http://followmarketrend.blogspot.com/2010/06/eur-usd-market-report-13062010.html

    ReplyDelete

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