Heikin Ashi Forex Trading Blog.

Heikin Ashi - daily chart and hourly chart analysis!

Daily Chart:
Well, last week has been very exciting for the cable as its been gaining higher ground. Heikin Ashi Daily chart is very bullish with the last friday NFP news moving it much higher. There is no immediate resistence till 1.7805 where I suspect there might be possibility of a double top, this price being broken we are looking for another 100pip move.

Hourly Chart:
A few hours before London Open, prices are very close to breaking the highs made on friday and if this is broken we might see prices following the same course as mentioned in the daily chart.
On the lower side as I have marked on the chart, there is some support at 1.7675 which if broken is weakness and good for about 40-50pips minimum.
MACD is in positive territory.

News : There is hardly any news on the Eur front and this should be a strictly Technical day.

posted by ProphetOfProfit @ 5:38 AM