Forexmospherian
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Update and quick review on main FX pairs for tomorrow
Will be trading as normal tomorrow from the European and London Opens
Just noticed today we have had 300k page hits in under 10 months
OK
EU
Last week or so - price as continue to fall with a low so far today at 3332 area at 11 00 am TW this morning
Since then we have retraced and hit 3387 and basically if we stay under say 3410 - we should fall again
Trouble is then - will we do a new low under 3332 - or a crafty HL putting us into a BTTZ area to tease and just trick both bulls and bears ?
GU
Similar to EU - been bearish and been falling to a low so far of 6809 end of July
Since then been doing the HL's and HH's and now need above 6900 to show it still trying for a larger turn up
I cannot see it getting above 7000 whilst still in a down bias - but who know's certainly not many - but rather than guess - I will be within 5 -10 pips of where ever it goes - ie down to 6500 or back up to 7000 - that's the beauty of short term intraday trading.
EJ
Another pair thats dropped over 200 pips in last month with new low today at 136 14
Any bounces should stay under 136 85 or if not 137 00 - 15 and then question will it drop lower with another new low - or post a HL ?
EA and AU
Today I notice the AU as been bullish again and the EA bearish
The EA as stayed above its 4209 low of a few weeks ago - but as dropped from a LH at 4450 area down to 4269 /70 today
Under 4450 still bearish - but will we do a HL above 4209 rather than dip into the 4100 area
AU - For August its been bullish again - making a 9272 low and rising so far back up to 9375
So much for the Elliot Wave guy's - yes they had it falling but by now saw it down under 9240 and as low as 9200 area
Cad - Price as risen over 350 pips last month - but still not made 1 1000 - instead 09885 area today.
Needs under 0900 and 0870 to make me thinks it turning bearish really - but like all pairs expect to both scalp trade in both directions for 7 -25 pip trades
UJ
Been doing the LH's and LL's for August - falling from 103 10 area down to 101 78 today
Retraces - bounces up should stay under 102 60 for more falls again - but do we then go under 101 50 or not- dont know yet ?
Swissy - UChf
With dollar strength we have seen 250 pip + rises over last 5 -6 weeks to 9115 today
Still in HH and HL mode - but now - no try over 9120 and could show the dollar strength is fizzling out and some turn is on the way
Hope to be milking the market tomorrow as first day back from my break and so looking forward to some trading
Need to check out calender etc and available for at least 8 hrs tomorrow from the Opens with normal 30 -60 min breaks through out the day
Good trading to you - got the feeling MM is still on holiday
That reminds me will post some abbreviation updates
Regards
F
Will be trading as normal tomorrow from the European and London Opens
Just noticed today we have had 300k page hits in under 10 months
OK
EU
Last week or so - price as continue to fall with a low so far today at 3332 area at 11 00 am TW this morning
Since then we have retraced and hit 3387 and basically if we stay under say 3410 - we should fall again
Trouble is then - will we do a new low under 3332 - or a crafty HL putting us into a BTTZ area to tease and just trick both bulls and bears ?
GU
Similar to EU - been bearish and been falling to a low so far of 6809 end of July
Since then been doing the HL's and HH's and now need above 6900 to show it still trying for a larger turn up
I cannot see it getting above 7000 whilst still in a down bias - but who know's certainly not many - but rather than guess - I will be within 5 -10 pips of where ever it goes - ie down to 6500 or back up to 7000 - that's the beauty of short term intraday trading.
EJ
Another pair thats dropped over 200 pips in last month with new low today at 136 14
Any bounces should stay under 136 85 or if not 137 00 - 15 and then question will it drop lower with another new low - or post a HL ?
EA and AU
Today I notice the AU as been bullish again and the EA bearish
The EA as stayed above its 4209 low of a few weeks ago - but as dropped from a LH at 4450 area down to 4269 /70 today
Under 4450 still bearish - but will we do a HL above 4209 rather than dip into the 4100 area
AU - For August its been bullish again - making a 9272 low and rising so far back up to 9375
So much for the Elliot Wave guy's - yes they had it falling but by now saw it down under 9240 and as low as 9200 area
Cad - Price as risen over 350 pips last month - but still not made 1 1000 - instead 09885 area today.
Needs under 0900 and 0870 to make me thinks it turning bearish really - but like all pairs expect to both scalp trade in both directions for 7 -25 pip trades
UJ
Been doing the LH's and LL's for August - falling from 103 10 area down to 101 78 today
Retraces - bounces up should stay under 102 60 for more falls again - but do we then go under 101 50 or not- dont know yet ?
Swissy - UChf
With dollar strength we have seen 250 pip + rises over last 5 -6 weeks to 9115 today
Still in HH and HL mode - but now - no try over 9120 and could show the dollar strength is fizzling out and some turn is on the way
Hope to be milking the market tomorrow as first day back from my break and so looking forward to some trading
Need to check out calender etc and available for at least 8 hrs tomorrow from the Opens with normal 30 -60 min breaks through out the day
Good trading to you - got the feeling MM is still on holiday
That reminds me will post some abbreviation updates
Regards
F
