It has been a while since I have seriously traded let alone devoted myself to an honest analysis. Please forgive me for my errors. this is strictly for self education and study purposes.
Starting with EURUSD during the week when I did glance at news events I believe on Thursday there were a few news events that created some conflicting results on the charts.
in short news indicated Eur would be dumped however there was somewhat of a surge. Under the cheese edge we would not be able to trade this of course.
EURUSD:(-1) initially there was some recourse from Thursdays activity after a collapse late Wednesday night. 15TF
EURNZD:(+1) EUR is strong in this area with a trend formation on the 15 minute TF. during the dead hours a range formed and buyers were able to break free from. this initial breach was not met with any extreme rejection. The only thing that stands out can be found on the 1H TF. We are approaching the high of the week and already facing rejection from the area (1.6720 - 1.6770) Trend also slowing down during the final leg in this push after reaching resistance.
EURJPY:(0) The market on the 15m TF looks to be pretty level. With most of the day being spent in a range, It is not expected that the larger player will interact with this before the end of the week. However, it does appear the sentiment is for a buy - Bulls beginning to pick up some momentum after a fakeout. The previous day further provides evidence that bulls are currently in control of the market. On the 1H TF we are also encroaching last weeks high. The main difference now however is that it wasn't immediately rejected.
Will await news information for further confirmation of a continuation.
Starting with EURUSD during the week when I did glance at news events I believe on Thursday there were a few news events that created some conflicting results on the charts.
in short news indicated Eur would be dumped however there was somewhat of a surge. Under the cheese edge we would not be able to trade this of course.
EURUSD:(-1) initially there was some recourse from Thursdays activity after a collapse late Wednesday night. 15TF
EURNZD:(+1) EUR is strong in this area with a trend formation on the 15 minute TF. during the dead hours a range formed and buyers were able to break free from. this initial breach was not met with any extreme rejection. The only thing that stands out can be found on the 1H TF. We are approaching the high of the week and already facing rejection from the area (1.6720 - 1.6770) Trend also slowing down during the final leg in this push after reaching resistance.
EURJPY:(0) The market on the 15m TF looks to be pretty level. With most of the day being spent in a range, It is not expected that the larger player will interact with this before the end of the week. However, it does appear the sentiment is for a buy - Bulls beginning to pick up some momentum after a fakeout. The previous day further provides evidence that bulls are currently in control of the market. On the 1H TF we are also encroaching last weeks high. The main difference now however is that it wasn't immediately rejected.
Will await news information for further confirmation of a continuation.
--Under the cheese edge do not engage in a trade that goes against who is in control--