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EUR/USD Daily Video, October 23, 2012

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Oct 23, 2012.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    It looks like we have some bearish patterns, that suggest at minimum retest of 1.30 area, or even downward continuation. So watch them closely:





    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.
     
    #1 Sive Morten, Oct 23, 2012
    Lasted edited by : Aug 15, 2015
  2. allan vincent

    allan vincent Private, 1st Class

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    EURUSD and EURNZD thoughts
    EURUSD:
    Monthly: not necessarily now down trending. Higher low.
    Weekly: down trend. Pulled back to 78.6% & 50% pivot, day R3, week R1, Month R1 and support/resistance area three hits to this area. MACD/RSI divergent
    Daily: end of uptrend. “Double top” indicator. Immediate area of support/resiatance [1.2990/1.3]. Lower high, watch for lower low.
    4Hr: no good trend. At the weekly pivot. Below day pivot. Look/feel = down-look.
    1hr: no great trend.

    Most likely trade: breakdown through week pivot 1.3016 to day S2 1.2994 not a 1:1 trade, not recommended - though may carry on


    EURNZD:
    Monthly: down trending – strongly
    Weekly: down trending – pulled back to 50%, possibly on the way to a pullback trade, [2 pivot(38%&61.8%) monthly R3, weeklyR2 plus a level of support/resistance 1.6206] MACD/RSI convergent
    Daily: uptrend. MACD initial divergent[19 january 2012- 16july 2012] now convergent
    4Hr: uptrend, MACD, RSI not convergent implying less “force” upward, possible ending of upward trend. Currently on day pivot region.
    1hr: no trend

    most likely trade: pullback weekly above
    i am trying to learn but i am ssllloooowwwwww. Sive knows best. am watching and listening Sir.
     
  3. Davidovic

    Davidovic Corporal

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    Hi Sive, again a fantastic analysis... It's a pleasure to learn read the market like you do... A BIG THANKX
     
  4. FreddyFX

    FreddyFX Sergeant

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    Sive, if I did not know better, I would almost say the market is doing what YOU explain on your charts what it should do, lol.
     
  5. pacmanpip

    pacmanpip Recruit

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    ABCD Spot on........Viva Sive Morten.
     
  6. leeds

    leeds Recruit

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    Daily I learned from you.. You are a genius.
     

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