Hartle & Flow

Today, the Euro FX Futures has made another new high. The price action only tagged the upper side of the support zone on the daily chart. But, there is a slight loss of upward momentum, so I would not be surprised if the market pulls back to the support zone. Ultimately, I continue to expect higher prices because the recent extreme daily RSI readings are above 62. A trading range will be signaled once the RSI forms a pivot high on the RSI below 62.

The Aggregated TFlow chart is set to 5-ticks range (available in CQG 7.5) with my two custom studies plotted (both studies are set to five-bar look back periods). The market is edging lower. Right now, the sellers have a slight advantage as the sell (red) volume line is tracking just above the buy (green) of the TFCross study.

This morning’s snapshot view of the TFlow Chart for the EUR/USD has both studies set to a five-bar running sum. In addition, the CQG ChartTrader is attached. I have the CQG Order Ticker below the chart.

Currently, the market is moving sideways. The sell volume line (red) is edging out the buy volume line (green) of the TFCross study.

The TFlow view of the market can change very quickly.

This entry was posted Friday, April 27th, 2007 at 8:30 am and is filed under TFlow, EUR/USD Futures. You can leave a response, or trackback from your own site.