× four = 36



Forgot your password ?

24 June 2014 | Free Forex Analysis | EURUSD : DOJI, DOJI, DOJI

DB 2406 H4
DB 2406 M30

G’day Surfers – not much doin!

Yesterday’s Report

 

It’s not quite a Doji, but yesterday’s Daily Candle replicates the previous two, as though they were triplets. Again we witnessed the reluctance of the Bears to ‘go on with the job’, having spent late Asia/early European sessions, merrily selling. Just like the previous two days however, 1.3600 drew them back and any chance of direction with it. EUR/JPY caught our attention and we have a Swing & relax order ready to catch a move from the buyers – it’s not yet filled.

Technical Analysis

 

An indecisive yesterday, means a NO Change today, at least from an analysis stand point. As consolidation becomes congestion, we expect a break but direction remains a mystery as does the strength behind it. Our Free Trade Technique shines under these conditions as safety and capital protection escalate in importance. Good Hotspots so high expectation – just not sure which way!!

The Day Ahead

 

I remain in the belief that the 2014 Low (right on our 1.3475) is due a Test so I’m looking for Shorts. Again, early news has me watchful to begin the day.

High Impact News - CET

10:00am EUR German Ifo Business Climate
4:00pm USD CB Consumer Confidence
USD New Home Sales

Terrifc Tuesday, Team.

Geoff Pyne  

CERTIFIED TRADER

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

Tags:

No comments yet.

Leave a Reply


five × = 40