1:Pay myself as the market makes money available for me.
2: Carefree state of mind and continuously monitor and reevaluate my susceptibility for making errors.
Gold is looking again bullish with a nice move back above 100 day moving average 1107.40. Lets see if we are able to hold above 1120. Seems like investors are buying this commodity on the dips below 1090. See daily Chart.
EUR/USD
This pair is consolidating in a range 300-350 pips
Supports levels to watch are : 1.3594 / 1.3549 / 1.3500/ 1.3457(STRONG)
Resistance levels to watch are : 1.3601 / 1.3627/ 1.3691 / 1.3745 / 1.3820 (Strong with 200 SMA on the H4)
Ill be watching these levels on the H1 for entries on the Hourly candles for 10 - 20 pips in between the levels. A break below is 1.3457 will lead to a strong bearish push towards 1.3208. For a change in the trend the pair as to move above 200 SMA on the H4 chart, break the set trend line coming from 1.5140 high last year and hold above 1.3848 on the daily chart.
See hourly chart.
Usd/Jpy
Moving down a break of 88.54 will be watched and while moving up I will be watching 100 day MA and 89.51 level.
GBP/USD
Week ope around 80 pips below the last weeks closing price.
This pair is on the bonus round and might be targeting 1.5080 and is might be in a set for a rebound around there.
Support around 1.5080 / 1.5018
Resistance at 1.5188 / 1.5324 / 1.5473 / 1.5575
A rebound in the pair might lead to dollar weakness and will help EUR/USD move higher as well.
Dollar index is below 100 SMA and above 200 Sma on the Hourly chart.
I am watching
Support: 80.07 / 79.54
Resistence: 80.74 / 81.11 / 81.34 (Double tops).
No comments:
Post a Comment