Euro has done the same as we predicted it didn't even absorbed the parabolic in one hour time frame and gave a very good risk to reward ratio trade and formed a huge buying wave today lesser magnitude waves are expected , where as big numbered MACD is shifting itself near to zero today day pivot is around 1.1715. trades with small targets is recommended for today, if previous day high gets broken 1.1790 can be traded . although no of pips in trade setup looks thin .
Pound is still finding its momentum to post a big wave , keeping itself up on the week pivot will enforce a upper wave in alternate scenario previous week low will be in focus if market fails to recover the fall below the week pivot area. Week pivot is 1.2794. currently market is trading below the day pivot which is 1.2859. if the sell wave gets formed that will lead to next buying opportunity as it will and can generate the scenario of higher low in the 4 hour time frame.
USDJPY has done the same as described in our yesterday post but it had done half part of it in today early sessions , it traded the resistance we gave which was 105.80 and got rejected from there. currently it is on 105.53, today day pivot is 105.57 , resistance area is lower high situation to 105.80 where as breaking the today low will trigger a sell which can lead the prices to go to 105.20 and 105.05 area. alternate scenario is possible only if yesterday high gets broken , in that case 106.10 should be in focus
Auusie has done the same as we predicted yesterday and formed an upper wave , it has taken the corrective wave, staying near to this area will lead the momentum in positive again and eventually another upper wave can be formed with the targets of 0.7175 and 0.7185. today we have the day pivot as 0.7119 and support area is around 0.7088.a quick upper wave can be expected in US session as we are approaching towards job report market may get some volatile and after that come to a neutral point again so this perspective should be in sight.
market is still consolidating over the range zone it formed in last phase of the previous week and today pivot is 1.3385 upper side resistances are 1.3460-70 area where as supports are on 1.3270. until we have a break below 1.3350 we don't see a sell wave but if it is broken market will lead to support area i have told earlier.
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.
At last we came out of the daily consolidation of previous 3 days . as i told you in my yesterday post that momentum is building so the 1 hour time frame took over with its sell situation and gave a quick 3 hour drop in the prices. i hope you have noticed that oil has maintained 40.80 resistance area , as 2 to 3 pip penetration is mostly a false break . today we have the day pivot as 39.50 and new resistance level to be noticed is our previous support which is now our resistance wand it is 39.85. next support area is 38.00 and 37.80
Nasdaq has mostly got a consolidation and took small up and down waves with in the day converting the time factor to weakness which resulted in today post opening early sessions drop currently we have the day pivot as 11364. where as further downside pressure can lead the prices to 11060 and 11020 area. Market is trying to find a support a strong one before talking an up wave again in one and four hour time frame.
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