Review for the 14 Feb 2007
Axel
Eur/usd usd/jpy gbp/usd usd/chf
200-d MA 1.2833 116.92 1.8989 1.2356
3- res 1.3117 122.20 1.9591 1.2553
2- res 1.3090 121.75 1.9543 1.2519
1- res 1.3074 121.59 1.9514 1.2500
Pivot* 1.3049 121.20 1.9478 1.2465
1- sup 1.3045 121.00 1.9441 1.2450
2- sup 1.3000 120.82 1.9405 1.2425
3- sup 1.2941 120.58 1.9373 1.2402
A special importance of the day
$1.3060/65 – resistence levelуровень сопротивления
15:00 USA Bernanke's statement.
Europe
Variants of movements befor session
a) upwards - EUR powerfully punctures the D1 max + h4 at AUD: in case of puncture of 0.7822 - 3-d wave upwards on h4
b) downwards - in case of NOT puncture of the resistence by EUR it will be 5-th up peak (see fractals) on d1 at the level 1.3050-62
1. Current max on D1
2. Fractals in the range 1.3050-62
3. Up movement - wave C
4. Down movement- a bounce from the resistence
5. Current min on D1. Further movement downwards and the 5-th down wave depend on it.
A variant has been realised.
The first movement was shown by allies CAD, AUD. Eur punctured its res level + pulled GBP to follow.
Technically - a down zigzag is HIGHER than the previous one on m30-h1 + puncture of the max during beginning of the session
1. Flat
2. a recoil grid of American and Asian sesions
3. 1-st target of the up movement and the 1-st resistence. In case of not consolidation beyond it = false movement +movement to opposite direction
4. Corridor of targets from 2 grids: (2 point)+ grid of the 3-d wave(H1)
5. Max targets for today(as we can see it was fulfilled on the American session)= Closing of intradays transactions (Buy)