- Closes the week below up trend line from 2012 and the 200WMA. - MACD giving negative cross - H&S formation with the neckline @78.60. - Fundamentally the real question is was the weather really to blame for all of that bad data and will super dove Yellen continue to taper in the face of a softening economy?
- A break of neckline @ 0.8432 targets 0.88 - New Zealand will be the first developed nation to hike rates and the hikes will be faster than everyone thinks. - Looks tasty!
- MACD about to give a sell? - Only solace is the trend line that price is sitting on, break of that an loses pick up,. - Tax hike gonna kill this thing.
- Having trouble closing above the June 18th high (Where the Fed brought forward their view on when rates would be hiked) - Also running into resistance of the broken uptrend line that supported the rally from June. - 15,000 is a key psychological level that will need a convincing break and close above. - Negative divergence on the MACD also contributing to the...
- JUST SOMETHING TO KEEP IN MIND - NEEDS A GOOD FOOTING FOR A STAB AT 105.50. - BOJ THIS WEEK
- DAILY CLOSE BELOW BOTH KUMO CLOUD AND UP TREND LINE.
- 4H Kumo dip buyers continue to support, trend higher continues. - 105.00 and particularly 105. 50 proving tough work, will need some bull-dozing. - Need a solid close above 105.00 for that swipe at 105.50. - Watch out for the main risk even today, NFP which is expected to be good, room for disappointment, aka USD weakness????? - Thin cloud means weaker...
- Wait for a break and close in either direction for cues.
- Since we broke out of the multi-month triangle consolidation, dip buyers have used this an an opportunity to load up on longs. - If we close below the Kumo cloud I would consider the uptrend done for now, and look for price to consolidate. - Also if the Kumo cloud turns (Senkou Span A in blue crossing Senkou Span B in pink) it would contribute to the...
- Hanging out the back of this trend line. - MACD cresting - Oversold on 30mins. - Looks like 142 will be defended - Daily MACD says its due a correction. would wait for any follow through either way from these levels.
- Waiting for directional cues. - Christmas trade pretty much dead. zzzzzzzzzzzzzz
- RSI OVERBOUGHT @ 75, DOWN FROM 85. - BEARISH MACD CROSS - ALL EYES ON THE FED....