Euro has taken the day support rather taking the day pivot into consideration yesterday and is now trading on resistance levels, today pivot for the day is 1.1720 , market if carries the bullish momentum can go to 1.1781 which is our monthly pivot and as we are approaching the job report next targets will be 1.1865 , euro took a sharp turnaround from the base it developed few days ago which we discussed in 4 hour time frame analysis and in strong momentum since 3 days.
Pound left its support area in a one go situation and posted a high which it posted two days earlier , it was a response to the weekly pivot which is 1.2795 .yesterday high and area up to 1.2970 is the resistance area for today with the today daily pivot as 1.2889.failure to break the resistance may lead the prices come down again in area around 1.2860.as today we have the 1st day of the month and tomorrow we have the job report market may give quicker than normal movements as it gave yesterday.
Yen has honored our given resistance of 105.80 yesterday and came down around 40 pips market is flirting with 105.50 level which was in our discussion since 4 to 5 days as a key area but now we feel that momentum is building as we see the major MACD is creating a divergence it will be confirmed once market break yesterday low, today pivot for the day is 105.50, below we have major support around 104.95 and it will act as our sell targets as well
Aussie has taken the buying streak since 3 days as it got rejection from the four hour time frame , we are currently trading on 0.7190 which is the same price for our monthly pivot of the current freshly started month and 0.7210 is the ultimate resistance to watch while trading it. we have the day pivot for today as 0.7144 any 2 to 3 hour of consolidation below the resistance areas and price action for sell side in smaller time frames can lead to weaker prices , sell side next targets can be around 0.7120
USDCAD has done exactly the same we predicted yesterday and gave a sharp trigger to the sell wave by absorbing the parabolic in one hour time frame analysis; it extended the yesterday low and reaching to our given levels of 1.3280. Today we have day pivot as 1.3345, we are below the week and day pivot and market situation is showing a little bit of stay in this price zone any corrective wave can lead the prices to go to 1.3345 today closing and overall scenario will be explained in tomorrow post
gold has generated the up wave as predicted yesterday and used its first prompt support , it generated a pin bar in 1 hour time frame by absorbing the parabolic , we saw that the MACD was positive since yesterday pre-noon time so it was quiet obvious that it will give a buying wave now right now market has made a corrective wave for today , where as day pivot is on 1870 and market is holding its week pivot of 1888.next upper targets are around 1908.
A day before yesterday market tool 40.80 as a resistance level and formed a sharp sell to the area 38.70 whereas yesterday it took a sharp pull back to come into again in the 40.00 zone although the repetition of the same sell is possible as we are facing a lower high situation, today we have the day pivot as 39.72 whereas down targets are 38.33 and 37.80.breakage of day pivot will make the opinion strong for sell side down ward targets are foreseen in 4 hour time frames.
Nasdaq took a sharp buying wave yesterday which was almost confirmed as we had the chart setup in 1 hour time frame with the MACD two parameter setup market has a resistance of 11570 but at the same time corrective wave of the few days back fall has been done and 11100 is in sight of the sell wave formations, today we have the day pivot as 11361, market is expected to adjust itself for the job report coming tomorrow. Don’t ignore the 1 hour price in reference to 16 EMA.
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