How the markets have reacted so far to Paris attacks? Market gapped lower in the morning, but Asia by close has rebounded.
So what’s up in forex?
If there’s war in middle east, which currency is going to benefit most? Blog post in another 15 mins. #ParisAttacks
— TerraSeeds FX Tflow® (@terraseeds) November 16, 2015
@terraseeds wti, cad, gold
— Clifford Su (@clifford_su) November 16, 2015
@terraseeds petrodollar ? CAD is my guess
— Dylan Tan (@DylanTanxh) November 16, 2015
@terraseeds yen and greenback
— Farrago (@iamfarrago) November 16, 2015
Thanks for your response. Yes I’m thinking in same way. Before you continue reading, do read this post earlier which is important information too.
Big Picture Analysis
Currently price at support, next R around 93.80 and 94.40.
Low timeframe analysis
1234 seen. This 1234 is about 4.5 days. Do note that WR of 2 has not happened yet, but I’ve mapped in ED which acts as resistance. If this is broken, then it means green support around 91.80 is true.
Do note price is above week opening price and that 2/3 trigger has happened on h4 close only.