Euro is getting dull and is in consolidation and we see around 40 points of whole day movement the resistance it posted in the start of this week was a real one and market took the point of monthly pivot as making its daily moves which was 1.1781 for today resistance line is around the same as 1.1796 and pivot of the day is 1.1757 if we get the end of consolidation today we could see some move otherwise we will have to wait for the next Monday to plan our trades.
yesterday market took a quick dip touching the day support levels which were identical to week pivot and that was the shining zone for going longs and market resumed the buying wave although it was under the level of the high it placed in the early morning yesterday but it managed to give some pips today we have the day pivot as 1.2931, market is capped between the week and monthly pivot and this is the range for today which is 1.2886 and 1.3025
yen has placed the whole day in consolidation but not breaking the high of previous day showing the strength of this as an active resistance today we are seeing a price action for down side pointing the 1st low of the day if market keeps intact the high it placed yesterday as resistance and unable to break it 105.50 will be in focus as MACD is on exhaust level and parabolic is also on the upside of the price supporting it for going down side
Australian has taken a soft up swing adding some pips to its up rides coming since two days. We have our resistance area near now which is 0.7200 whereas monthly pivot is also around it and is 0.7193. MACD is rising and we can see a dip before resuming the up side again so daily pivot for today is an important level to watch for and is 0.7153. We are also heading into the one hour cloud of 300 parameter so it could be a quick
this pair is still in the snail move to find its low in the day time frame and is forming a corrective move of the previous week rise in the daily charts once we see a strong rejection after placing its low in four hour time frame it will connect the rise again 1.3218 is today pivot which can be traded if we get a rejection which we discussed , parabolic are still intact but expected to get absorbed today as we see it exhaust in time and price analysis a dip forming a pin bar is likely to be formed which will signal the end of the current down rally.
Gold has generated a higher low situation yesterday and then made an up swing pointing to the area in early morning today as we pointed in our yesterday post about the 1910 area , as we have 1908 as monthly pivot .the price action shows the tendency to rise more up to 1920 and 1940 area , today we have the day pivot as 1892 and also we have the supportive cloud and parabolic both favoring further rise . In alternate scenario below the 1888 if we see a fall 1850 will be next level
Oil was on a good bull ride yesterday and was supportive for this in one hour time frame satisfying both MACD and parabolic in favor of the upswing, 41.70 area is the key for further up rise or falling a little today , we are close to end of the week so a little corrective movement of gains is also possible .today we have pivot of the day as 40.96 .we see a range trading today no big and strong wave is expected
Market has still consolidating and has compressed its movement as we are heading into the week close, we are just around the one hour resistance area which is although broken but market is not too far from the resistance level of previous day 10570, once the market continue its normal move and ends the consolidation phase above given price will be a barrier for upcoming buying and selling scenarios we have to wait for it.
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