Forex Daily Video, October 07, 2014

[Sive Morten]

Good morning,

Today we will take a look at multiple pairs, since there are a lot of questions on forum:





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.

 

[greaseball]

Thanks Sive. Great analysis.

I think the AUD-USD also has a chance to form Stop-Grabber on the monthly, targeting 95.00 area. Maybe DRPO will trigger further upward continuation? Do you have any thoughts?

 

[Sive Morten]

Thanks Sive. Great analysis.

I think the AUD-USD also has a chance to form Stop-Grabber on the monthly, targeting 95.00 area. Maybe DRPO will trigger further upward continuation? Do you have any thoughts?

I think that this DRPO is very fragile, since current price stands very close to overbought, and it will be difficult to move higher. Start was nice, but let's see what will happen...