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.

Monday, 23 June 2014

#Eurusd $eurusd #Trading

Raff Regression can at least describe what has been happening since Friday evening, but it can not make this market move any quicker! The red channel is the rolling weekly hi & low prices wrapped around the regression mean. It is sliding up hill and projects a target near 1.3680, which fits with my expectations from the weekend report. The green channel is anchored at the beginning from the last high there to Friday's low. As such, the green channel is locked into place until a new low is created, and time is pushing the price action into the perimeter. So far, this little battle between bulls and bears is pretty equal. A break either way, should get the momentum going again.
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