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Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Monday, 1 July 2013
GBPUSD
Price moved into the median zone of the price channel and the hourly momentum cluster is supportive of a trend line break to the downside and the MA band is negative too. Given the 5 bar bear trend, I am in short below the daily pivot but wary of the push into the 75day low on the cyclic phasing analysis and the positioning of the 4hr to daily momentum cluster.
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Great charts are back! Any views on the Dow the this morning Clive?
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