Early Morning Technicals : FX, Metals, Bonds, Stocks
Eddie Tofpik | Feb 21, 2018 13:22
EURUSD
A first close below the key recent 50% fib at 1.2358 and a follow on to last friday’s key reversal down.
CABLE
An Indecisive Spinning Top Pattern.
EURGBP
A Key Reversal Down…Just…And A First Close Below The Key Oct 2016 – Dec 2016 50% Fib At 0.8834 Plus Also A First Close Below All Mas.
USDJPY
After Achieving All Three Combined Targets On The Downside Of Bear Flag, 2nd Shoulder And Full Reverse H+S The Market Has Pulled Back Up But Not Quite As Far As The Bear Flag Resistance Starting At 108.40.
AUSSIE DOLLAR
A Bearish Black Crow Following An Indecicisve Doji Cross As The Market Failed To Overcome The Key Recent 50% Fib At 0.7946…Today It’s Moving Down To Test The Slightly Longer 50% Fib At 0.7817.
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NYMEX CRUDE FUTURES
A Second Close Over The Key Recent 50% Fib At 61.38 But Also A Possible Bearish Shooting Star Pattern…Today The Market Has Followed On Lower To The Shooting Star…So Far.
FTSE FUTURES
Indecision…A Bull Hammer After A Key Reversal Down…So Far No Major Follow Through In Either Direction…Though The Bull Hammer Ought To Have Slowed The Key Reversal Down.
DAX FUTURES
Indecision…A Bullish Harami After A Bearish Engulfing Pattern…No Direction So Far Today.
S&P FUTURES
A Second Bearish Black Crow And Not Quite A Bearish Evening Star Pattern Though The Market…Sucessfully…Tested The Key Recent 50% Fib At 2705 From The Topside And Retraced Back Up.
GILT FUTURES
A Key Reversal Up…Though The Market Halted At The Minor Fib At 121.47…The Market Is Still Currently Showing An Aversion To Testing The Bearish Upper Tine Of The Sep – Dec 2017 Andrews Pitchfork (Currently 121.89) Though This Tine Is Actually Showing A Good Indication Of The Angle-Of-Attack Of The Recent Bearish Market.
BUND FUTURES
A bullish outside day but failed to close…again…back over the key 2015 – 2016 50% fib at 158.54…we may be forming a possible recent small rounded bottom though we are also close to the upper tine of the sep – dec 2017 bearish andrews pitchfork (currently 158.77)…this has been running the recent bearish angle-of-attack of the market.
U.S. BOND FUTURES
An Indecisive Doji Cross… The Support Of The Middle Tine Of The 2016 – 2017 Schiff Pitchfork (Currently 142.1) Is Key To Recent Action…As Is The Resistance Of The Middle Tine Of The Recent Andrews Pitchfork (Currently 144.10)
LME 3 MONTH COPPER
Third bearish black crow and today coming to the bottom of the congestion and support band 7020 – 7165.
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