Panagiotis Diamantopoulos / Blog
These are the reasons that AUDJPY has a possibity to turn down or at least retrace: 1. Decreasing up volume waves 2. Hit Resistance 3. False Break on Resistance level 4. Hard time to go up to hit Resistance again which also happens to be a Fib - High Speed Index of 17.1 on Fib hit...
It does not get any easier than that to identify why GBPUSD exploded up. 1. Support comming from Daily 2. Enormous down volume wave without the respective Pip move - High Speed Index of 58.9 (nothing like that on the recent previous down waves). ***Don't forget to "Like" this post if you like***...
AUDCHF - Story 1. We have broken down a range with volume and found support on a previous support which also happens to be a Fib 2. We are going up with High Volume but not the respective pip move 3. Fib ahead 4. Another Fib a bit higher from 3...
These are the reasons why EJ should go down. 1. Hit the Fib area with a false break on 61.8 with a very fast move Low Speed index of 6.1 2. The way to the Fib was not that easy - Speed Index of 26.6 3. First Push down with volume and a High Speed Index of 27.6 4. High Speed Index of 36...
AU - This is why AU broke support. 1. First down wave with high volume at top after a false break of resistance 2. Easy down move on US news on Friday with down volume 3. Enormous up volume but without the respective pip move with 4. High Speed Index of 30...
High Impact News:USD Change in Non-farm Payrolls (JUN) - Forecast: Is USD going to strengthen more? If we have read our waves properly it looks like USD will strengthen. I will explain on this post with later charts after the news...
Is EG keep going down? The Forecast is yes, let's read the market: 1. We have hit resistance four times 2. We have hit Support and Fib but with high down volumes 3. High Down volumes 4. Very High Down Volume wave...