March Points
R3 163.23
R2 159.92
R1 153.35
Pivot 150.04
S1 143.47
S2 1410.16
S3 133.59
Pair managed to close (149.04) the month well below the monthly pivot (150.04)
Monthly High 150.59
Monthly Low 144.98
Pair has been negative through out the month while 150.04 – 150.59 area contained the price from going further upward. We said that pair is negative many time during the month of March and still see it negative as long as the March highs contains the price.
Pair attempted to draft rising trend from October 2016 from the low of 122.75 when the flash crash took place. The upward move was minor as the main trend was down from 247.92 (June 2007) since that date the pair tuned to negative and all upward moves were just corrective price actions
Wait for April 2018 Forecast…
R3 163.23
R2 159.92
R1 153.35
Pivot 150.04
S1 143.47
S2 1410.16
S3 133.59
Pair managed to close (149.04) the month well below the monthly pivot (150.04)
Monthly High 150.59
Monthly Low 144.98
Pair has been negative through out the month while 150.04 – 150.59 area contained the price from going further upward. We said that pair is negative many time during the month of March and still see it negative as long as the March highs contains the price.
Pair attempted to draft rising trend from October 2016 from the low of 122.75 when the flash crash took place. The upward move was minor as the main trend was down from 247.92 (June 2007) since that date the pair tuned to negative and all upward moves were just corrective price actions
Wait for April 2018 Forecast…