Greetings Everyone, and Welcome to Friday!

With a deeply Volatile and Event-Filled Week finding It’s Conclusion, I look to get back to The Majors after my “Continual Market-Traveling Ways” through The Crosses, Gold, and Oil!

As we have discussed, with the extreme Activity and Volatility seen… We will find Price Accumulating into Consolidation…. where we have been seeing IntraDay Flag/Pennant Formations across multiple Markets.

With all of the Macros aside, let’s stick with our Themes concerning these interesting Flag/Pennants Formations to see if we Respect or Breach as The Asian-Pacific Sector rolls on into London and Europe as we wind down the Week.

Here are The Hourly Views of The Fiber and The Swissy with Commentary, so give them a Click for Various Levels of Reference.

Post-Time is 1:45 GMT.

We hold the same general Principles as The Formations in our Last Post…

The Fiber is forming a Bull Flag, so our “Probabilities” lie with Price Appreciation out of The Flag Consolidation.

Price holds the Apex of The Formation here… so we simply look to Pivot from The “Transitive Rollover” Support here, and see “Full Flag Completion” at The 1.4200’s Area in The Mid-Term , of course.

More importantly, we are simply “looking” for The Pattern to continue on with Appreciation and “Respect” Price… Or… We are looking for “Violation” of Price as we Negate The Flag.

Respect sees The 1.4080’s in The Immediate-Term while “Violation” sees the 1.3940’s Static Support in the Immediate-Term.

The Swissy is forming a Bear Flag, so our “Probabilities” here lie with Price Depreciation.

“Respect” of the “Transitive Rollover” Formation sees The 1.0740’s Static Support in The Immediate-Term… while “Violation” sees Price clipping The Apex as we move towards the little Magenta “Resistance Areas that will come into existence.

So once again… let’s see how Price fairs in working withn these Structures, and be sure to stop by in a few hours for the 6:30/7:00 GMT “Currency Majors Technical Perspective” Report where we can also see these Two Units in much more Detail!

I hope to see you soon!

UPDATE @ 6:45 GMT !

We have the just-published  “Currency Majors Techncial Perspective” Report,  where The Immediate-Term Details see Price attempting to Negate the Flags. We may see further “extensions” of Price here, or Accumulation may continue to keep The Flags/Pennants largely Intact and still Valid for Follow-Through.

These are Active Charts Patterns and not Static, so they will vary as they continue to “Build” on an Hourly View.

 Of course, more Updates to follow today!… as we also have both Import Price Indexes,  The important Trade Balance Data, and The Michigan Sentiment Index out of The U.S.!

Please join me throughout The Day!