Euro is having the same movement as predicted earlier with a consolidation phase was traded for 2 days and forming a support area in 4 hour time frame, market is trading in upper zone of today day pivot which is 1.1652 any price action for going below the day pivot or touching it and pull back will lead the prices to go to the weekly pivot which is 1.1704 following the next target as 1.1717.for sellers beyond 1.1790 prices should be in focus for the intra-day levels
Pound was on fire yesterday and expressed high volume, it extended the expected high wave and added more pips then expected but came back to the break out level again which was broken yesterday right now market is on the same level which is today day pivot 1.2835.a quick dip is expected but eyes should look for an upper wave formation as told yesterday today support is identical to the week pivot which is 1.2795. Upper wave targets could be the new high then the yesterday targeting the 1.2960
USDJPY is still holding its range which was formed two days earlier, next resistance level is 105.80, momentum is building for downside but its confirmation through the weaker closing of the day candle is required , day pivot for today is 105.48 whereas the sell side targets are as 105 and 104.80 market is retesting the top which it has formed in the last week and any moment its rejection will signal its downward wave initialization we have the monthly pivot as 106.00
When looking at charts Australian is having the same face shape as pound dollar the only difference is of volatility. Aussie has made itself stay around the upper wave which it took yesterday and currently holding it up on its today day pivot which is 0.7057. Better and stronger support is on 0.7040 whereas this support is on the basis of yesterday corrective wave bottom. Upper side targets will be its week pivot at the 1st level and is 0.7119 and 0.7140
USDCAD is holding its ground and waiting for some volume based price action to break down with a short fall and then further amendment of the intra-day low will eventually lead the prices to 1.3240 today we have the day pivot as 1.3374 and market is just around it 1.3410 is the immediate resistance area and 1st support to be broken is the price level of 1.3345. Market is in a squeezed mode and shrinking its movement for a bigger wave in coming trading sessions
Market has added a new tiny low and bounced back as predicted yesterday, market is trading near its week pivot which is 1888, immediate support is around 1873 whereas the day pivot is 1870 for today market may continue its bullish momentum by forming a corrective wave for yesterday gains.US session will again have an important role in formation of the next upper wave. Upon crossing the week pivot market may travel up to 1905 level, 1 hour time frame should be in focus.
Nasdaq has done exactly on our prediction yesterday and placed a strong bullish wave honoring its 4 hr time frame pull back due by many days almost since last week. a little bit of consolidation is expected for some time as to form a stay area before taking the next wave. today pivot for the day is 11324 following 11256.if market fails to post a considerable new high it will eventually fall back to weekly pivot area which is 11019.
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