Although market has continued a bit further, right to weekly pivot resistance 1, now it shows clear signs of weakness on 1-4 hour time frames. So, retracement probably will come today-tomorrow:
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.
- Aussie Trade Balance
- Japanese capital spending -9.8%; worse than expected.
- usd/hkd trading above trend-line.
- Forex Video Quick: USDCHF tests 100 hour MA and 50% retracement support
- Forex Morning Report- Nov 2