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, 13 March 2014

EURUSD

Looking for late 80day cycle low on US dollar to arrive and the contracting diagonal appears to be in the right place at the right time, albeit the MMA wave is still bearish, but with diverging momentum studies.


A break northbound on the USD fits with my phasing for the EURUSD too. I am looking for a drop into the 40day low for this pair and we appear to be approaching a diagonal UTL on the 48pip range bar chart, with 5 waves up visible in the 'c' of that formation (not marked), MACD divergence to price action and overbought momentum studies.

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