Week 45 Forecast

These are some of my findings to help you out the coming week.

EURUSD Daily Chart

The story:

We have hit a major Fib with a fast up wave of 14.2 Speed Index which is justified considering the previous SI. On the down wave after the Fib hit we have an Abnormal Speed Index of 121.7 but is still forming. My Bias is long assuming that this a HTMD wave. I need confirmation on a lower time frame to enter long.

EURJPY H1

The story:

Very strong up trend - every major resistance has been broken the next one is one the monthly chart more than 600-700 pips up.

This is a classic Entry - Exit From Range with PRL - I will enter on Monday

AUDCAD Daily/H1

The story:

After the nice up move which was forecasted previously from the Daily chart we have pulled back to 50 Fib , my bias is Long but in order I need to see action volume and Plutus signals on H1 around the 50-61.8 Fib

The last down wave has an Abnormal SI on H1 but it's closing and still forming.

AUDNZD H1 (the cousins)

The story:

Huge range on D1 320 pips and now 50% pull back. After Plutus kicking ass with short signals. We have just hit 50 Fib we have some volumes coming in, this up wave has been the largest after very long time (probable 1st PU) but it could be the news + Friday closing. Therefore ,patience we will let it play out.

Of course there are more opportunities other than the above.

Enjoy!