Sive Morten
Special Consultant to the FPA
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Good morning,
Market didn't show any real price action yesterday. Today is NFP release, so I think that we will not see much till this event.
At the same time, market stays in the range just under strong resistance and does not bounce. Although hourly trend turns bearish, price action does not confirm it. Very often this kind of action leads to the upper break out. I do not want to say, that market "has to do it", but odds are suggest this possibility.
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.
Market didn't show any real price action yesterday. Today is NFP release, so I think that we will not see much till this event.
At the same time, market stays in the range just under strong resistance and does not bounce. Although hourly trend turns bearish, price action does not confirm it. Very often this kind of action leads to the upper break out. I do not want to say, that market "has to do it", but odds are suggest this possibility.
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.
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