Log In    |    Join for FREE
Unlock Full Access
DaytradingBias on Facebook DaytradingBias on Google+ Follow DaytradingBias on Twitter

MBO Issue 57 (Sep 2016) A Storm Is Brewing

By Lawrence  



  • Review
  • Euro Monthly Pattern Locked
  • S&P Seasonal Weaknesses In Pay
  • Gold Short Term Trend Intact
  • Big Picture Summary



Euro bounced off the 1.105 level on first test basis and gave us a measured move higher to mid 1.13. Since then long term resistance showing its strength and forced Euro back down to the channel resistance line before finding support.

S&P spent a month going consolidation thanks to the slow summer. Mini excitements like comments from Mrs. Yellen or NFP report did nothing much to change the current situation.

Gold experienced a similar consolidation period without fireworks. Even G20 summit did not give it a nudge strong enough in either direction.

Overall, a quiet month concluding the summer season as expected.


(premium member only content below)

Part of our premium service, login now or upgrade your membership to view this report

  • You must be logged in to comment. Log in
Upload comment image [ngg_uploader id = 1]

As Featured In

Connect With Us

DaytradingBias on Facebook
Follow DaytradingBias on Twitter
DaytradingBias on Google+

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Please read full disclaimer here.

Terms & Conditions     Privacy Policy     Disclaimer     © Lawrence Chan / Prillach Financial Technologies Ltd. All Rights Reserved.