The Daily Forecaster

[B]Bias: [/B] While the 1.0710-24 area caps I look for losses to the 1.0596-08 target

The downside developed nicely and stalled just above the 1.0646 target. This area should support initially (allow for 1.0640-52 again) and more likely we'll get a selling opportunity at the 1.0710-24 resistance area. From there look for losses to extend below 1.0640-52 and down into the 1.0596-08 target. This should hold for a larger reversal higher. Thus, only breach of 1.0590 would accelerate the decline to 1.0466-97...

Please view the complete analysis in the attached PDF file.

For a full description of how to use the analysis please see the Analysis page of my website. The prior day's set ups for potential ...

Attached Files

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[B]Bias: [/B] There can still be some short term volatility but while 1.5613 supports I feel we should see a return to 1.5846

Price has remained in a range and I feel this will break higher. However, given the resemblance to a triangle just take care and wait for the
1.5710-18 area to break. Once this breaks we should see stronger follow-through above the 1.5735 and 1.5763 highs and then to 1.5801 at least and I favor the 1.5846 area as the final stalling point. Watch this area for a bearish trade set up.

Please view the complete analysis in the attached PDF file.

For a full description of how to use the analysis please see the Analysis page of my website. The prior day's set ups for potential ...

Attached Files

• The Brief Daily Forecaster.pdf (25.2 KB, 109 次查看)

[B]Bias: [/B] The 1.3697-05 resistance is the key pivotal point here - if this breaks expect a strong rally - else look for new lows

While the rush back down to 1.3595 has potential to extend losses I am not so certain. There is support at 1.3650-55 and if the 1.3697-05 resistance breaks expect a sustained rally. This should quickly rally back above 1.3436-66 and 1.3799 and back to around the 1.3838 high. This may well provide a temporary stalling point but overall, depending on how quickly this develops I will be looking for extension to 1.3883 at least. The next larger targets are at 1.3945 and 1.4004...

Please view the complete analysis in the attached PDF file.

For a full description of how ...

Attached Files

• The Brief Daily Forecaster.pdf (25.2 KB, 96 次查看)

[B]Bias: [/B] I feel there is still upside potential for 124.75, 125.00 and possibly 125.81

The inverse head & shoulders has not yet reached the 125.00 target and I feel that we should see this later today. Initial resistance is in the 124.10-26 area and I feel this will hold for a correction lower. The 123.20-42 area should support. From there I feel we should see a successful break above 124.26 to extend gains above 124.75 and probably also 125.00-32 to reach the higher resistance at 125.81. Take care here as this could cap. Only breach would maintain the bullish momentum for 126.37 and probably the 126.69-96 resistance.

Please view the complete analysis in the attached PDF file.

For a full ...

Attached Files

• The Brief Daily Forecaster.pdf (25.2 KB, 108 次查看)