John_Tuohy_MSTA_CFTe

John_Tuohy_MSTA_CFTe

GBP JPY on Daily is breaking out of a triangle pattern. A reasonable short / medium term target might be around 143 (Triangle Thrust calculated on size of wide end of triangle added to narrow end break out point). support lies at 21 D EMA at 139.7 or Daily Pivot (classic) at 137.3 RSI is currently bullish at 62,98 MACD is slightly bearish and below neutral area

John_Tuohy_MSTA_CFTe

EURNOK on D1 has broken down below and retested 21D EMA (shown on chart). It's also below (having retested) significant area of SR going back to early August. A break below 10.02 area could take us to 9.9 and 9.8. Resistance levels at 10.07. Daily RSI and MACD are pointing down.

John_Tuohy_MSTA_CFTe

S&P E Mini has broken lower trend line dating back to January. Currently retesting. Watch out below. Could get suspended around here while traders await NFP data tomorrow. Next major resistance is 2820 to 2810 area.

John_Tuohy_MSTA_CFTe

H4 Chart shows Fib .382 at 3345. Fib levels from down leg starting at 19th September ones to watch for possible continuation of downward move

John_Tuohy_MSTA_CFTe

AUDUSD is hovering around 0.5 Fib retracement of decline from leg down that started on 18 July and ended on 7 August. A break up or down from the triangle are both possibilities. A wait to see where the daily close is today might provide more clues as to possible future direction. Critical round number area of 6900 could see a short term sell off and pullback. ...

John_Tuohy_MSTA_CFTe

CHFNOK has broken and retested 50D SMA. Possibly a good time to enter a short trade SL around 9.03 and TP1 at 8.91

John_Tuohy_MSTA_CFTe

CHFNOK has broken down below a rising trend line going back to 23 April. Short term support might be found at the 50D MA. The long term trend for this pair appears to be Bullish.

John_Tuohy_MSTA_CFTe

A look back shows that EURNZD is usually very compliant with 10D EMA. One to watch next week. Marty Schwwartz followers will know the significance of 10D EMA being a possible indicator of trend. A good time to consider entering a LONG position on this pair might be when the price breaks above 10D EMA

John_Tuohy_MSTA_CFTe

50D MA Lies below. Today's close should add some further colour as to likely direction from here.

John_Tuohy_MSTA_CFTe

CHFNOK heading lower after a failed pullback at Fib 0.5 area of yesterday's high. A good SL might be 9.17 Target TP area could be 8.93.