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Innovative Techniques with Traditional Technical Indicators
Trading with the Elliott Wave Principle
Seeing the Forest from the Trees: An Analysis of Global Markets
Afternoon Technicals (all charts)
Morning Notes:
I want to concentrate on the euro given the test of resistance in the EURUSD.
EURUSD – The EURUSD is nearing the 13212/50 resistance zone. If it overshoots, then 13300 might even be a possibility. I do like fading strength above 13212 with a stop at 13385. This feels like the ‘last gasp’, a trap, etc.
Prepared by Jamie Saettele, CMT
EURNZD – The EURNZD is uniformly bearish. Testing resistance from the 3/6 high, bearish continuation in April is favored as long as price is below 16307.
Prepared by Jamie Saettele, CMT
EURNZD – 5 waves down and 3 waves up from the March high. It doesn’t get much more bearish than this.
Prepared by Jamie Saettele, CMT
EURCAD – Either a triangle is complete or will complete next week above 13176. The trend is bearish below 13329. A breakout from the bearish triangle would target the mid 12000s.
To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter @JamieSaettele
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Jamie is the author of Sentiment in the Forex Market.
