4 × one =



Forgot your password ?

07 July 2014 | Free Forex Analysis | EURUSD : TRIPLE TREAT

DB 0707 H1
DB 0707 H4

Happy New Week Surfers – the stars are aligned !

Yesterdays, Report

Not surprisingly, Friday was another non event day, producing a 26 pip range. With a Thursday NFP and Independence Day in the States – it was all about the Long Weekend, not trading.

Technical Analysis

It doesn’t often happen that Monthly, Weekly and Daily Pivots congregate in the same place but this week, that’s precisely the situation. A mere 16 pips covers the extremes of a ‘barely’ Bearish Pivot formation. Interestingly, our favourite DP Test has been ‘on vacation’ with only two such occurrences, in the past six trading days. With PA 35 pips below the untested DP – I’m thinking counter Pivot formation, to reverse the untested ‘trend’. I would concede that the Bears appear hungry however and a DP Test might just set them off again.

The Day Ahead

 

Thinking DP Test and hopeful PA will be sufficient and that some sign of reversal occurs to allow us to trade.

High Impact News – CET

 

Nothing today

Magic Monday everyone.

Geoff Pyne  

CERTIFIED TRADER

Did you enjoy this article?
Share the Love
Get Free Updates

Tags:

No comments yet.

Leave a Reply


− four = 1