GBP/USD Daily Video, January 16, 2018

[Sive Morten]

Good morning,

So, our daily targets have been reached. Now let's see what effect it will have on intraday charts:



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.

 

[ward133]

Thank you mr sive.
Concerne euro as well. Where you think retrace could reach ? And it's chance to take long from that point ?

 

[ivans990]

Hello Sive,
when you use SMA 3*3, is it on close?
Thanks,
Ivan

 

[Sive Morten]

Thank you mr sive.
Concerne euro as well. Where you think retrace could reach ? And it's chance to take long from that point ?

Well, it depends on the pattern. If indeed, we will get DRPO "Sell". Usually its target is 50% of the thrust. Depending on how action will develop, may be some other patterns will appear, some AB-CD, as usual...

Hello Sive,
when you use SMA 3*3, is it on close?
Thanks,
Ivan

Hi Ivan,
yes, when we're waiting for DRPO confirmation we use close price below 3x3 DMA

 

[ivans990]

Hi Ivan,
yes, when we're waiting for DRPO confirmation we use close price below 3x3 DMA[/QUOTE]

I was not precise. Moving average is on close? While if it on high we have REPO on GBP with close SMA it is on the edge?
Thanks

 

[Sive Morten]

Hi Ivan,
yes, when we're waiting for DRPO confirmation we use close price below 3x3 DMA

I was not precise. Moving average is on close? While if it on high we have REPO on GBP with close SMA it is on the edge?
Thanks[/QUOTE]
Yes, DMA is also based on close prices.