Pivot PointsJan 02, 2018 09:47AM GMT
Name S3 S2 S1 pp r1 r2 r3
Classic 0.85376 0.90473 0.95718 1.00815 1.06060 1.11157 1.16402
Fibonacci 0.90473 0.94424 0.96864 1.00815 1.04766 1.07206 1.11157
Camarilla 0.98119 0.99067 1.00015 1.00815 1.01911 1.02859 1.03807
Woodie's 0.85450 0.90510 0.95792 1.00852 1.06134 1.11194 1.16476
DeMark's - - 0.93095 0.99504 1.03437 - -
The upward trend in the pair continues since the Sma 20 crosses the sma 100 on the hourly chart on the 31st december around 1pm, we still waiting for a strong confirmation of the upward trend though ,in the absence of any strong fundamental news analysis the trend upward is expected to continue to 1.1052 area where a strong break above this levelcan take the pair to 1.11157 and then 1.16402.
It is recommended to buy at current level around 1.05 or 1.04 and a take profit at 1.10 and stop loss at 1.02....make sure u trail your profits very important!!!
Name S3 S2 S1 pp r1 r2 r3
Classic 0.85376 0.90473 0.95718 1.00815 1.06060 1.11157 1.16402
Fibonacci 0.90473 0.94424 0.96864 1.00815 1.04766 1.07206 1.11157
Camarilla 0.98119 0.99067 1.00015 1.00815 1.01911 1.02859 1.03807
Woodie's 0.85450 0.90510 0.95792 1.00852 1.06134 1.11194 1.16476
DeMark's - - 0.93095 0.99504 1.03437 - -
The upward trend in the pair continues since the Sma 20 crosses the sma 100 on the hourly chart on the 31st december around 1pm, we still waiting for a strong confirmation of the upward trend though ,in the absence of any strong fundamental news analysis the trend upward is expected to continue to 1.1052 area where a strong break above this levelcan take the pair to 1.11157 and then 1.16402.
It is recommended to buy at current level around 1.05 or 1.04 and a take profit at 1.10 and stop loss at 1.02....make sure u trail your profits very important!!!