Daily price is breaking Senkou Span line (which is the virtual border between the primary bearish and the primary bullish trend on the chart) tobelow together with 1.1128 support level for the bearish reversal. The price formed descending triangle pattern to be crossed to below for the downtrend to be continuing, and Chinkou Span line is indicating the possible breakdown to be started in the near future. If D1 price will break 1.1128 support level on close bar so the reversal of the ...
Trading the News: U.S. Gross Domestic Product (GDP) An upward revision in the preliminary 1Q Gross Domestic Product (GDP) report may trigger near-term selloff in EUR/USD as signs of a stronger recovery provide the Federal Open Market Committee (FOMC) with greater scope to implement higher borrowing-costs. What’s Expected: Why Is This Event Important: With the U.S. economy approaching ‘full-employment,’ ...
Partly reflecting a jump in orders for commercial aircraft and parts, the Commerce Department released a report on Thursday showing that new orders for U.S. manufactured goods surged up by much more than expected in April. The Commerce Department said durable goods orders shot up by 3.4 percent. EUR/USD M5: 47 pips price movement by Durable Goods Orders news event: more...
Trading the News: U.S. Durable Goods Orders Another 0.5% expansion in orders for U.S. Durable Goods may heighten the appeal of the greenback and spur a near-term decline in EUR/USD as it puts increased pressure on the Federal Open Market Committee (FOMC) to further normalize monetary policy. What’s Expected: Why Is This Event Important:Even though Fed Chair Janet Yellen remains in no rush to implement higher ...
H4 price is on breakdown for trying to cross 1.1210 support level from above to below on close H4 bar for the bearish breakdown to be continuing. Chinkou Span line is located to be below the price indicating the bearish breakdown.Absolute Strength indicator is estimating the bearish market condition to be continuing in the near future. Resistance Support ...
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