How are you doing ? So then, many sory seems like i am not here for a very long time.. Well i hope everyone will doing the best for trading.
Ok then, lets us see what we got in Forex Factory ...
So, we got EUR German Ifo Business Climate at 5pm LT and Inflation report Hearing at 515pm LT ( ps: LT- GMT +8) .. What I can see from the news is EUR gonna have increasing figures since it wil bring good economic forecast and EUR wil go Bullish during the news. And for GBP just be careful, i can see they will turn back down since yesterday the just in side way movement and suddently Bullish this morning.Anyway, that just a Fundamental Analysis from me. And let we see the Technical Analysis from my own Custom Indicators
GBP/USD
Chart Pattern : None
Stochastics : Overbought
MACD : Round Top -Still above 0-level
Forecast : Bearish >> Confirm by cross the overbought level , Red Big Ball appear and MACD change below 0-level
EUR/USD
Chart Paterrn : Previously it has Double-Bottom and already expired since it already breach the neckline.Stochastics : Overbought , tend to Bearish need confirmation crossing the level
MACD : still above 0-level, but histogram said already VT-Very top
Forecast : Bearish >> Confirmation by Stoch n RSi cross over Overbought level,MACD will change and appear histogram below 0-level
I can advice to put in the Red-Trendline for it will continue the Daily trend which is Bearish
Anyway, hope that everyone will understand my easy step to get in the market and wish you all best ...
Happy trading !!
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