How you all doing ? Hopefully everything is fine as same as market are doing fine .. huhuh
As far as we all know that currently market goes very slow..It almost like as side way for GBP/USD..but for EUR/USD it is very volatile...
By the way, what is passed already passed ... So then we have to look forward now..Let we see what we have for Fundamental Analysis
Well this is what we have for Fundamental Analysis from Forex Factory ...
It will start with 3 am EST which is by overall i can see that EUR will Bullish soon ... It is because it is show us that the Fundy ( Fundamental Analysis ) is about the manufacturing and services provide by them..All are good in forecast..
Hence for GBP i can see that for today it will Bearish soon..Why ? It was because from the Fundy we can see that it is about Net borrowing are increasing means money goes out for GBP same as the Retails Sales are decline means it is drop too much from 2.1% to 0.7% and also for mortage apporval are increasing which means money from BOE lendend to other parties are hawkish..
Well for USD Unemployment Claims are decreasing from the past data means that USD will Bullish soon..
Anyway that is all form the Fundy .. Then how about the Tech Analysis ??
Well then let we see for
EUR/USD
Well then, this is what i got from my H1 chart ...
From the chart pattern i cant see anything. By the way from the trendline for the minor(red) it already reach the highest limit and for the major(blue) indicating still ongoing to the highest..Confirmation is the price action breach the red trendline then will go long until it reach the highest of blue trendline since the SSD and RSI are pointing up from the oversold level..Even so that MACD is still below the 0-level, be cautious and once SSD and RSI approching the overbought level surely it will turn back to Bearish...
GBP/USD
Well then for the GBP/USD this is what i got from my H1 chart ...
For the chart pattern i also cant see anything same as EUR/USD .. Well then for the Trendline aslo everything has reach the highest level same as SSD and RSI are also in the top, just waiting it confirm cross over the overbought level then is will go bearish since MACD is still above the 0-level, also need confirmation on appearing their histogram below one...
I am strongly believe that what ever you can see is just you do it .. Thats is how trading work..
Anyway just bare in your mind that Trading is always like a fishing and not catching ... Happy trading :)
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