NON-FARM FRIDAY OFFERED PLENTY OF VOLUME TO TRADE BEFORE AND AFTER THE RELEASE TODAY, MOSTLY U.S.D. STRENGTH, EVEN THOUGH THE REPORT WAS WEAK!
NORMALLY IF THE JOBS NUMBERS ARE WEAK, THE DOLLAR TUMBLES. TODAY THE DOLLAR DOMINATED!, EVERY CURRENCY PAIR I REVIEW SHOWED DOLLAR BULL! FUNDAMENTALLY OR TECHNICALLY I CAN'T EXPLAIN THE DIRECTION OF THE TREND TODAY. LOOK FOR CORRECTION NEXT WEEK..
STERLING DID SHOW A LOT OF STRENGTH TODAY EVEN WITH THE STRENGTH OF THE U.S.D IT TESTED THE DAILY SUPPORT OF BULLISH VOLUME, 1.6187 MOST OF TODAYS SESSION UNTIL 9:00 A.M. EST. HITTING 1.6201 AFTER THAT, STERLING RETRACED TOO A WEEK LOW OF, 1.6139 AROUND, 11:30 A.M. EST. CLOSED AT, 1.6148 JUST -39 PIPS FROM IT'S DAILY BULLISH SUPPORT LEVEL, NOT BAD CONSIDERING.
STERLING DID HIT A GREAT HIGH OF 1.6300 THIS WEEK, MONDAY BUT RETRACE THE REST OF THE WEEK CLOSING FRIDAY AT, 1.6148 LONDON CLOSE SHOWS, 1.6153.
DAILY TECHNICALS FOR STERLING GOING INTO SUNDAY'S OPEN:
BULLISH SUPPORT FOR STERLING IS AT, 1.6163 (CLOSED 1.6148)WHEN BULLISH VOLUMES CONTINUES TO NEXT LEVEL TO BREAK WILL BE, 1.6187 THEN 1.6201 AND A STRONG BULL HITS, 1.6224 AND HIGHER SUNDAY THRU MONDAY SESSION.
IF SUPPORT ISN'T FOUND AT 1.6163 THE STERLING MAY DROP TO 1.6139 IF VOLUME CONTINUES TO BEAR THE NEXT LEVEL FOR SUPPORT IS, 1.6125 AND FINALLY IF STERLING BEAR CONTINUES IT COULD HIT, 1.6102 BEFORE BULLISH VOLUME RETURNS.
WEEKLY TECHNCIALS FOR STERLING GOING INTO NEXT WEEK ENDING 05/11/2012
BULLISH SUPPORT IS AT, 1.6196 IF STERLING CONTINUES THE NEXT LEVEL TOO BREAK IS, 1.6257 ONCE SUPPORT IS FOUND THE NEXT BULLISH LEVEL IS 1.6296 AND FINALLY A STRONG BULL HITS A HIGH OF, 1.6354 OR HIGHER BY 05/11/2012
IF STERLING DOESN'T FIND SUPPORT AT, 1.6196 THIS WEEK THE NEXT LEVEL TO TEST WILL BE 1.6135 IF THE LEVEL IS BROKEN BEARISHLY THE NEXT SUPPORT LEVEL IS, 1.6096 AND FINALLY IF STERLING CONTINUES TO BEAR IT COULD HIT A LOW OF, 1.6038 BEFORE BULLISH VOLUME RETURNS.
REMEMBER, TRADE WITH THE TREND
THANK YOU FOR YOUR TIME AND HAVE A GREAT DAY.
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NORMALLY IF THE JOBS NUMBERS ARE WEAK, THE DOLLAR TUMBLES. TODAY THE DOLLAR DOMINATED!, EVERY CURRENCY PAIR I REVIEW SHOWED DOLLAR BULL! FUNDAMENTALLY OR TECHNICALLY I CAN'T EXPLAIN THE DIRECTION OF THE TREND TODAY. LOOK FOR CORRECTION NEXT WEEK..
STERLING DID SHOW A LOT OF STRENGTH TODAY EVEN WITH THE STRENGTH OF THE U.S.D IT TESTED THE DAILY SUPPORT OF BULLISH VOLUME, 1.6187 MOST OF TODAYS SESSION UNTIL 9:00 A.M. EST. HITTING 1.6201 AFTER THAT, STERLING RETRACED TOO A WEEK LOW OF, 1.6139 AROUND, 11:30 A.M. EST. CLOSED AT, 1.6148 JUST -39 PIPS FROM IT'S DAILY BULLISH SUPPORT LEVEL, NOT BAD CONSIDERING.
STERLING DID HIT A GREAT HIGH OF 1.6300 THIS WEEK, MONDAY BUT RETRACE THE REST OF THE WEEK CLOSING FRIDAY AT, 1.6148 LONDON CLOSE SHOWS, 1.6153.
DAILY TECHNICALS FOR STERLING GOING INTO SUNDAY'S OPEN:
BULLISH SUPPORT FOR STERLING IS AT, 1.6163 (CLOSED 1.6148)WHEN BULLISH VOLUMES CONTINUES TO NEXT LEVEL TO BREAK WILL BE, 1.6187 THEN 1.6201 AND A STRONG BULL HITS, 1.6224 AND HIGHER SUNDAY THRU MONDAY SESSION.
IF SUPPORT ISN'T FOUND AT 1.6163 THE STERLING MAY DROP TO 1.6139 IF VOLUME CONTINUES TO BEAR THE NEXT LEVEL FOR SUPPORT IS, 1.6125 AND FINALLY IF STERLING BEAR CONTINUES IT COULD HIT, 1.6102 BEFORE BULLISH VOLUME RETURNS.
WEEKLY TECHNCIALS FOR STERLING GOING INTO NEXT WEEK ENDING 05/11/2012
BULLISH SUPPORT IS AT, 1.6196 IF STERLING CONTINUES THE NEXT LEVEL TOO BREAK IS, 1.6257 ONCE SUPPORT IS FOUND THE NEXT BULLISH LEVEL IS 1.6296 AND FINALLY A STRONG BULL HITS A HIGH OF, 1.6354 OR HIGHER BY 05/11/2012
IF STERLING DOESN'T FIND SUPPORT AT, 1.6196 THIS WEEK THE NEXT LEVEL TO TEST WILL BE 1.6135 IF THE LEVEL IS BROKEN BEARISHLY THE NEXT SUPPORT LEVEL IS, 1.6096 AND FINALLY IF STERLING CONTINUES TO BEAR IT COULD HIT A LOW OF, 1.6038 BEFORE BULLISH VOLUME RETURNS.
REMEMBER, TRADE WITH THE TREND
THANK YOU FOR YOUR TIME AND HAVE A GREAT DAY.
WWW.CREATESPACE.COM/3597011
WWW.SPEEDTRADER24.COM
EMAIL: IDOMINATEFX@GMAIL.COM
CATCH US ON, FACEBOOK
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