Looking ahead to the coming week, we do not have any major news from the Eurozone but we have the PPI and the CPI data from the US which should tell us about the inflation in the US and give us a hint of when the next rate hike from the Fed would be. With the pair closing the week above 1.20, we believe that the uptrend is still intact but the moves could be much slower than usual as the ECB is clearly uncomfortable with the euro being at these levels ...
W1 price is located to be below yearly Central Pivot at 1.0984 and above S1 Pivot at 1.0352: the price is on bearish ranging within pivot level at 1.0984 and the first support level at 1.0352;the price is breaking trend line to below for the 1.0352 support level as a nearest weekly bearish target;if weekly price breaks Central Pivot at 1.0984 to above so reversal of the weekly price movement to the primary bullish market ...
The key elements of this strategy are as follows: 1. A strategy designed for intraday trading 2. Rangebound strategy expecting the market to revert to a mean 3. Plot 2 pairs of bollinger bands, each using different standard deviations 4. When the market closes at or above the upper band of the higher standard deviation bollinger band, look to short 5. Confirm that ADX ...
2016-01-15 13:30 GMT | [USD - Core Retail Sales] past data is 0.3%forecast data is 0.2%actual data is -0.1% according to the latest press release if actual > forecast (or previous one) = good for currency (for USD in our case) [USD - Core Retail Sales] = Change in the total value of sales at the retail level, excluding automobiles. ========== EA made the following for this news event: ...
EUR/USD The price for the pair is on primary bearish market condition for the secondary ranging within the following key support/resistance levels: 1.1029 resistance level located near Ichimoku cloud and 'reversal' Sinkou Span line on the border between the primary bearish and the primary bullish on the chart, and1.0673 support level located far below Ichimoku cloud in the bearish area of the chart. Chinkou Span line is below the price indicating the ...
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