I'm SHORT cable from 1.2632 for the following reasons:
a). On H1 price has been rejected by the 100 EMA
b). THe 100 EMA coincides with the WPP mid pivot which has acted as stern resistance
c). RSI has been decling for several hours
d). MACD sees the fast MA crossed down over the slow
e). Pivot Point SuperTrend is reading SELL on 15M
f). Andean Oscillator sees the red SELL line crossed over both the green BUY line and the signal line.
g). Andean Oscillator sees the green BUY line flat.
h). On H1 the 25 and 50 EMA's are together and heading south.
All these signs taken together would suggest we are BEARISH for at least the next few hours in the absence of further news.
CBI Consumer Confidence missed at 14;00 but this is seldom a huge market mover and any USD BULLISH sentiment seems to be evaporatin>
Adding to this analysis is the fact that the EUR/USD is also BEARISH and this also looks a good time to SELL.
a). On H1 price has been rejected by the 100 EMA
b). THe 100 EMA coincides with the WPP mid pivot which has acted as stern resistance
c). RSI has been decling for several hours
d). MACD sees the fast MA crossed down over the slow
e). Pivot Point SuperTrend is reading SELL on 15M
f). Andean Oscillator sees the red SELL line crossed over both the green BUY line and the signal line.
g). Andean Oscillator sees the green BUY line flat.
h). On H1 the 25 and 50 EMA's are together and heading south.
All these signs taken together would suggest we are BEARISH for at least the next few hours in the absence of further news.
CBI Consumer Confidence missed at 14;00 but this is seldom a huge market mover and any USD BULLISH sentiment seems to be evaporatin>
Adding to this analysis is the fact that the EUR/USD is also BEARISH and this also looks a good time to SELL.