How are you doin ? doin well huh since my last forecast both are givin us now +200 pips and if you still want to hold it, you can..but if you want to take it first, then you can take it now...Why ? It was because i can see any further movement but there is a retracement..Nevermind, now let us see Forex Factory for today events ...
Ok then..So now we have BOE governer King speech for GBP at 1730LT,then we have durable goods order for USD and the most wanted is Unemployment claims for USD ...So for the GBP governer King speech, it is not more than giving goods for their country since its already Bearish movement over a weekend.
Durable Goods order seems like it is decreasing, but at the same time there is Unemployment Claims for USD where we can see it is decreasing, so then it means it is good for USD and once it is goods for USD it will go Bullish for USD.
Ok that is what Fundamental Analysis..Back then we thru for the Technical Analysis
GBP/USD ..
So then we can see thatChart pattern : None
Stochastics : Over sold
MACD : Below 0-level
Forecast : Bearish >> the trend is still Bearish since the Trend line (you can see in a red line ) is still pointing down, the thing is its already on the bottom side same as Stoch. So what i can say here is i will trade at 2130LT for the Unemployment claim which i can say it will continue Bearish
EUR / USD
So the EUR/ USD aso same movement as for the GBP / USDChart pattern : None
Stochastics : Over sold
MACD : Below 0-level
Forecast : Bearish >> the trend is still Bearish since the Trend line (you can see in a red line ) is still pointing down, the thing is its already on the bottom side same as Stoch. So what i can say here is i will trade at 2130LT for the Unemployment claim which i can say it will continue Bearish
Well then ... Happy trading !!
woii mne forecast.
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