Welcome back again..Many sorry seems like I'm not around givin you a market forecast. It was because I am not trade yet. If there is no forecast here, means im not at desk for trading..So, nevermind..Let us see what we have today
FUNDAMENTAL ANALYSIS
So this is what we have for today. Less fundamental and what we have to do is totally follow
what technical analysis said. I am always use to see Fundamental analysis first because it will
give market movement perhaps technical analysis is very important as i can says it will give 90% of analysis.
Let we see what we have in the chart
GBP/USD
In chart pattern, nothing i can see here. Is just about breakout up. In fact, the trend in H1 cha
rt here is Bullish, so it will continue Bullish.
Same as what MACD said, it just on the 0-line and SSD just cross the 0-line and pointing towards up.
So, for today GBP/USD will go further up until 1.62219...
EUR/USD
So in EUR/USD chart here, it was difficult since start monday it show a sideway movement.
No chart pattern appear here and this will suitable for scalpers doing their job.
But in MACD, it just on the 0-line and seems like SSD just cross on it and pointing up. Need further confirmation on the movement before continue Bullish.
Thats only for today and see you tomorrow with ECB Bid Rate......
Happy trading !!
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