Daily price is located in the bullish area of the chart to be near and above Senkou Span line of Ichimoku indicator on the border between the primary bearish and the primary bullish trend. The price is testing 1.1122 support level to below for the bearish reversal to be started.Chinkou Span line of Ichimoku indicator is located near and above the price indicating the possible breakdown to be started in the near future.Absolute Strength indicator is estimating the bearish ...
Trading the News: U.S. Non-Farm Payrolls (NFP) A 180K expansion in U.S. Non-Farm Payrolls (NFP) accompanied by a downtick in the jobless rate may trigger a near-term decline in EUR/USD as the ongoing improvement in the labor market puts increased pressure on the Federal Open Market Committee (FOMC) to raise the benchmark interest rate sooner rather than later. What’s Expected: Why Is This Event Important: ...
US Dollar Forecast – Dollar Looks to Yellen to Turn Volatility into Trend, Will She Acquiesce? Indecision is a universal market theme. And, the Dollar has not escaped the sedation. A confluence of conviction and participation is proving exceptionally difficult to muster due to the growing sense of skepticism in fundamental value as well as the seasonal lull that we expect through the ‘Summer doldrums’. European Euro Forecast – Euro Traders Look to US Dollar for Next Major Moves ...
Trading the News: U.S. Consumer Price Index (CPI) Despite forecasts for a downtick in the U.S. Consumer Price Index (CPI), stickiness in the core rate of inflation may boost the appeal of the greenback and spark a near-term pullback in EUR/USD as it puts pressure on the Federal Reserve to raise the benchmark interest rate sooner rather than later. What’s Expected: Why Is This Event Important: ...
Daily price broke one of the 'reversal' Senkou Span line of Ichimoku indicator together with trendline to above: the price broke this line to be located inside Ichimoku cloud in the bearish ranging area of the chart waiting for the direction. Absolute Strength indicator is estimating the trend to be on ranging waiting for breakout/breakdown, and Trend Strength inticator is evaluating the future possible trend as the possible daily bullish reversal. If D1 price breaks 1.1045 support ...
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