Nov14 – Market Analysis

FX Markets

On the STAM matrix CHF gains two points, and USD loses two points.  Only 5 of the pairs are currently in S1 or S2 environments – this is the lowest number of potential setups that I have seen to date.  Conversely it will mean that many pairs are potential S3 trades.  None of the 5 pairs show a valid setup.

Equity Markets

Not a huge change – Wall Street rallied towards the end of the day on early release of Yellen speech, and Nikkei rallied well overnight.  Nikkei has now entered “bull market” territory. Gold showing a bit more volatility lately, bouncing off $20 from a low of $1,260.

S3 Analysis

Completed S3 analysis for FX and equity markets and gold.  No valid setups.  Check AUDNZD again on the close of the 11am candle, as this could turn into a long setup.

 

Overall, it’s a very quiet week on the STAM front!

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