EUR/USD Daily Video, October 04, 2012

[Sive Morten]

Good morning,
there are some new details and patterns have appeared, that point on possible upward continuation, may be even to 1.3030 and following reversal:





The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[mcheartz]

Nice Analysis, keep it up Sive

 

[allan vincent]

Thank you very much Sive. NZ time 12:00 noon 5th Oct 2012 looking at the rise to where you have indicated a pull back may occur, i am watching for a signal for the possible downward move. 1 hr seems to indicate possible double repo [is this possible on the 1 hour] or a probable 5 or 15 min rejection candle to take out the recent high contrasting with the bear diverging MACD. trouble is i am also off to collect she-who-shops from airport.
thanks again Sive. regards allan

 

[Sive Morten]

Thank you very much Sive. NZ time 12:00 noon 5th Oct 2012 looking at the rise to where you have indicated a pull back may occur, i am watching for a signal for the possible downward move. 1 hr seems to indicate possible double repo [is this possible on the 1 hour] or a probable 5 or 15 min rejection candle to take out the recent high contrasting with the bear diverging MACD. trouble is i am also off to collect she-who-shops from airport.
thanks again Sive. regards allan

Hi Allan,
theoretically it shows condition of DRPO, but there is no tops that I prefer to see. Move up was fast, so, better to wait a bit for some clear patterns or even when move down will re-establish.

 

[allan vincent]

Thank you. regards allan