Euro has rejected itself from the same 1000 parameter ichimoko resistance around 1.1810, we were having the cloud there also of which base line was the reason to form a sell wave. weekly pivot is as 1.1699 which can be traded if markets tries to form a new low today and any time it breaks the day pivot of 1.1757 and stays above it is more likely to challenge the yesterday high and then even further in alternate scenario if market fails to recover after going below the weekly pivot 1.1650 should be in sight
Pound has rejected to break its cloud on the up side and fell back to its support area which was the week pivot as 1.2886. yesterday was a volatile day for many products which includes pound also today we have the daily pivot as 1.2915 market is likely to go up with the yesterday low or even after adding some more pips to it by making a new low, the ultimate crossing line is 1.2933 once market is above this level yesterday high can be challenged again as we have the ultimate resistance of 1.3070
yen is not leaving its squeezed size consolidation still and within the range of its immediate resistance and supports area.it is more likely to go more up a little to place a nice top before starting its sell side 106.00-10 area can be seen as we have 300 cloud in 4 hour time frame. 104.90 should be in mind whenever we see a sell wave so not to book the profits so early. Today daily pivot is as 105.61, monthly pivot is within the range which can be combined in force once the market starts falling and it is 105.32
Australian has rejected our resistance level in a good manner yesterday of 0.7210 and gave a full swing of more than 100 pips which is huge for such pair both ichimoko and parabolic chart setup signaled this sell wave the rejection of this was in 1 hour time frame and can be seen in 1000 parameter. Today we have the day pivot as 0.7136; below of this level we can see some consolidations. upon breakage of day pivot and re absorbance of today parabolic situation may lead the price to go again to the point from where it fell yesterday then we will have a strong reason to get it broken
it has taken a sharp pull back yesterday as parabolic were supporting a buying wave and added a new high in today early sessions but as we see it has rejected the gains softly in previous 4 to 5 hours and as we are approaching the London open , failing to go back to its early morning high it will fall down as we have 1.3329 as our week pivot above the current area, daily pivot is 1.3290 and is likely to gets traded and can be broken also
gold yesterday gave us a new high as we predicted, the rule of mark to mark trading indicated to book profits when a situation has traded which you anticipated so you are available for the next ride, same happen as market gave a dip which was considerable enough to justify 1 and 4 hour time frames and breaking the week pivot of 1888. now we are trading just near to it if market breaks the 1891 as its today day pivot it can rise again otherwise after consolidation it may check the low again
Oil has peacefully done the same as we predicted that the area of 41.00 is in focus .since it was above the week pivot and upper swing was more likely to be formed it holded its 100 ichimoko as a support line for 3 to 4 hours and then gave this bull wave today we have the same area as resistance which was yesterday high if markets fails to break it, it may come down to 39.00 and 38.50 lower high situation will be under our focus , main parabolic needs some 6 to 8 hours to get absorbed so less then yesterday move is expected in size
Nasdaq consolidated all day till US opening yesterday and formed a swing in 15 minutes time frame to trade its support and then amended its day high which was under the resistance level of 11550 area. and gave a good sell wave as we are hoping for it since US open , parabolic situation is favoring a sell again , rejection of the monthly pivot was a cause of this huge wave. 11430 is the key area to see today above and below the level is the good wave partition area. Today we have the day pivot as 11324 and next support lies on 11150
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