Chart Analysis

This week we're continuing with our chart analysis without indicators. Price on the US Index is telling for this week as a 50% pullback of the Wednesday and Thursday candles is expected to 97.82. This move is correlated across many main pairs all of which we will be watching closely. Keep in mind taking the same position on more than one pair exposes your account to unnecessary risk. The aussie might be forming a set of higher lows - this will require close observation. The yen looks like it could be turning around also, a move produced mostly from the US Dollar falling (currently). The cad is the most interesting pair with a more rare type of short trade we're looking to place at 1.4000 area after observing price interaction.

Good Trading.