Euro was an easy reading pair to trade yesterday as it gradually took its buying wave and came closer to the monthly pivot as 1.1780 now we are heading into a cloud of one hour, we are below it. Upside and down side levels are 1.1811 and 1.1700 in a larger prescriptive, breakage of the range is vital for the next targets to get opened the upcoming waves. If market fails to break in 1.1810 we are more likely to see some pressure again on week pivot to get broken. Momentum building is still on the way
Pound has taken the support of 1.2850 as an area in the yesterday and as we see it crossing the one hour time frame cloud in 300 parameter , it could regain the resistance level of the high it posted 2 days back but once it cross again the weekly pivot for down side it can put more pressure to break the support of yesterday , mix bias is looking for today so small time frame price action should be looked upon and stop should be in-place while trading it
yen has taken our support yesterday and formed a zig zag to give us an up wave the main keep point was that it was staying above the monthly pivot almost whole day so an upswing which was not huge in size but eventually was expected. today we are approaching the four hour cloud which is just above the yesterday high by 10 pips if it gets broken then we will have the price level of 106.60 will open in alternate scenario we could have a fall again and low of 104.70 will be in sight again
Aussie also stayed within the range yesterday as it was a corrective move of previous day although it has amended its last day high today we are expecting another sell wave if market keeps its resistance levels intact of 0.7194.in alternate scenario if market fails to add a new low to last day an upswing will be formed as the more time it stays here more chances are there to get an upswing soon.0.7130 is the vital area for today up and down wave filter
Market has taken the given resistance as told you yesterday and came back down to its support but we are not going to stay here forever obviously as it is a corrective chart setup in daily time frame setup. we have the daily pivot as 1.3283 and market is standing on the monthly pivot of 1.3243 once we see an upward wise from here this could be a low in medium term and we can see some buying days coming ahead for now the buying targets are around the same weekly pivot area it was rejected from yesterday weekly pivot is as 1.3330
Gold was in consolidation mode yesterday and stayed with in the corrective range of previous day fall. keeping its low intact or even adding some pips in its low is acceptable but as we see its up wave for coming hours is supportive by the 4 hour and one day time frames any up swing will open the levels of 1923 and 1940 and 1960 . in alternate scenario of adding new lows we have the range of 1850 as our next support levels. 1883 is an important price level to watch for today as market will filter this price for upward or down ward wave.
Market stayed in the range of previous day low and high in yesterday move, we are heading towards some bearish pressures as we are heading into the one hour cloud and we are already inside the four hour cloud of parameter 300. Today pivot is 40.06 and once below this level market sell setup can be seen and we could see a fall to 38.90 and 38.24. In alternate scenario we have the same resistance of high we saw on 2 days back and is around 41.00
Nasdaq has extended its bounce whole day in yesterday. as it has fallen sharply in previous day , we are still within the range of hourly resistance and 4 hour support area , 11550 is the breakage of 1 hour resistance and by crossing it we can see a quick rise of 11600-640 area . we are up from the monthly pivot of 11500, today we have the day pivot as 11410 , volatility in the market is increasing and we could see some big time frame moves ahead if market fails to hold its gains we could see the level of 11150 in coming sessions
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