So how your trading goes ? I was hope that everyone can understand how to trade base on what I was explained.So, last week I was not update this blog, any question or comment ? ...
Ok..So what we have today in Fundamental ...
We have 3 High Impact Fundamental ...
- CPI for GBP - it show that forecast (1.8%) is more than previous (1.5%).So,here i can say that GBP currency will Bearish.
- German ZEW Economics Sentiment for EUR - Forecast (50.1) is less than previous (51.1).So i can say that EUR currency will Bearish
- PPI for USD - It show that forecast (0.8%) is more than previous (0.3%). So I can say that tonite USD currency will Bearish.
That is what Fundamental Analysis said.So, how about our chart said ? Let we see them ...
EUR/USD
In Chart pattern : it seem like no pattern able that we can see there..
MACD : it was said that a very spike movement goin Bearish as per arrow show during the fundamental release, and will Bullish during the fundamental for USD.
Stochastics : It show that already passed the oversold line.A little bit reversal will happen and it continue the Bearish movement later.
So in my forecast is, EUR/USD will continue its trend which is Bearish....
GBP/USD
In Chart pattern : it seem like no pattern able that we can see there..
MACD : it was said that a very spike movement goin Bearish as per arrow show during the fundamental release, and will Bullish during the fundamental for USD.To confirm that,wait until MACD histogram under the 0 level
Stochastics : It show that pointed to the oversold line.A little bit reversal will happen and it continue the Bearish movement later.
So in my forecast is, GBP/USD is still under unknown direction.Some other analyzer said that everything is waiting the right time for breakout.
Happy trading fellas ... See you tomorrow for the result :)
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