RECAP, IN MY LAST BLOG, I WROTE I DIDN'T SEE ANY FUNDAMENTAL OR TECHNICAL REASON FOR FRIDAY'S NON-FARM VOLUME, WHICH SHOWED DOLLAR STRENGTH ACROSS THE BOARD. WELL THE VOLUME WASN'T, NON-FARM NUMBERS, IT WAS, "GEO-POLITICAL" VOLUME. DUE TO THE, FRENCH PRESIDENTIAL ELECTION AND THE, GREEK PARLIAMENTARY ELECTIONS BEING HELD OVER THE WEEKEND. GEO-POLITICAL EVENTS CAN SUPERSEDE FUNDAMENTAL AND TECHNICAL DATA, SINCE THEY ARE A RARE EVENT WHICH CAN EFFECT OUR FINANCIAL SYSTEM DEPENDING ON WHAT EXACTLY HAPPENS.
Ok, Sterling was +84 pips today from it's low to high strong bullish directional trend almost all day!
Basically retracing all of Friday's bearish volume.
Sterling technical's for today's session:
Support for a bullish Sterling is, 1.6166 (current value, 1.6175) the next level to break is, 1.6198 after that level finds bullish support the next value is, 1.6218 and a strong Sterling reaches, 1.6248 and higher for today's session.
If Sterling doesn't find support at, at, 1.6166 it may bear to, 1.6134 if bearish volume continues the next support level is, 1.6114 and finally if the support level is broken, Sterling could hit a technical level of 1.6084 before bullish volume returns....
Not much fundamentally in the Sterling Session, please always check your economic calendar.
The Asian/Aussie session had more bearish volume for the Aussie and interest rates were drop last week!!! Fundamentally Aussie has been below average and technically bearish.
Trade with the Trend...
Thank you for your time a have a great day.
www.createspace.com/3597011
www.speedtrader24.com
email: idominatefx@gmail.com
catch us on Facebook...............
Ok, Sterling was +84 pips today from it's low to high strong bullish directional trend almost all day!
Basically retracing all of Friday's bearish volume.
Sterling technical's for today's session:
Support for a bullish Sterling is, 1.6166 (current value, 1.6175) the next level to break is, 1.6198 after that level finds bullish support the next value is, 1.6218 and a strong Sterling reaches, 1.6248 and higher for today's session.
If Sterling doesn't find support at, at, 1.6166 it may bear to, 1.6134 if bearish volume continues the next support level is, 1.6114 and finally if the support level is broken, Sterling could hit a technical level of 1.6084 before bullish volume returns....
Not much fundamentally in the Sterling Session, please always check your economic calendar.
The Asian/Aussie session had more bearish volume for the Aussie and interest rates were drop last week!!! Fundamentally Aussie has been below average and technically bearish.
Trade with the Trend...
Thank you for your time a have a great day.
www.createspace.com/3597011
www.speedtrader24.com
email: idominatefx@gmail.com
catch us on Facebook...............
No comments:
Post a Comment