Disclaimer

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.

Thursday, 6 February 2014

EURUSD

Leaving the obvious aside (the corrective look drift to the right) the 5/10day trend band remains bullish and the hourly momentum study appears to be correcting its overbought status, whilst price is going up. Price is hugging the 160day FLD but has stayed above the 5day cut yesterday and the 10dayFLD is now in sight. So far, the drift right, rather than spike up, has been the market's method but that momentum study action suggests, anything downhill should be temporary. I expect the 40day and 80day FLDs to get tagged above as a minimum - just how price gets there is probably going to be connected to Claims this afternoon.
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