Over the weekend I have analyzed the weekly and daily bars and my analysis of what I see on the charts is as under. I have analysed the following pairs ion the Interbank Fx feed:-
EU, UC, NU, UJ, GU, UCh, AU, EJ, EG, GJ, AJ, GCh.
Analysis:-
UC:- Weekly PB but not exactly a great looking one. Not sure whether this should be played for downside as the FTA (without buffer) is just abt 50 pips down.
NU :- Weekly PB at 38.2 Fib area, but closed below the RN 0.6800. Otherwise the PB seems playable. Daily bars are Double Top (if 3 pips difference can be accepted).
UJ:- Weekly IB in a sideways moving market. Not sure if this is playble.
GU:- Daily bars DT with 5 pips variance.
AU:- Weekly bars DT with 5 pips variance
EJ:- Daily PB but smallish and to be ignored.
GJ:- Weekly IB in a downward trending channel. Logically should be playing the breakout on top as PA has bounced off the bottom of the channel.
AJ:- Weekly IB
Other than the above signals, I do not see any clues / signals. ( May be something is there which my eyes cannot "see" even though I am eye balling the charts)
At this point of time I am inclined to play the NZD USD Pinbar and DT.
Comments from seniors solicited on the above.
Cheers,
Novice198
PS:- The problem with NU wkly PB and Daily DT is that I will be trading into the 365 EMA which is only 31 pips away. I guess I have to sit tight and look for another entry / setup as this seems to be risky.
EU, UC, NU, UJ, GU, UCh, AU, EJ, EG, GJ, AJ, GCh.
Analysis:-
UC:- Weekly PB but not exactly a great looking one. Not sure whether this should be played for downside as the FTA (without buffer) is just abt 50 pips down.
NU :- Weekly PB at 38.2 Fib area, but closed below the RN 0.6800. Otherwise the PB seems playable. Daily bars are Double Top (if 3 pips difference can be accepted).
UJ:- Weekly IB in a sideways moving market. Not sure if this is playble.
GU:- Daily bars DT with 5 pips variance.
AU:- Weekly bars DT with 5 pips variance
EJ:- Daily PB but smallish and to be ignored.
GJ:- Weekly IB in a downward trending channel. Logically should be playing the breakout on top as PA has bounced off the bottom of the channel.
AJ:- Weekly IB
Other than the above signals, I do not see any clues / signals. ( May be something is there which my eyes cannot "see" even though I am eye balling the charts)
At this point of time I am inclined to play the NZD USD Pinbar and DT.
Comments from seniors solicited on the above.
Cheers,
Novice198
PS:- The problem with NU wkly PB and Daily DT is that I will be trading into the 365 EMA which is only 31 pips away. I guess I have to sit tight and look for another entry / setup as this seems to be risky.