Daily chart is still on an uptrend. There's some resistance points ahead which it could retrace or reverse from. I'm keeping in mind that we're still on a weekly downtrend right now, although it looks like it could be in transition to uptrend.I won't know until the end of the week if the weekly trend has changed to an uptrend - very much depends on what happens this week.
It's Wednesday, so I'll expect to see some more volume in the markets today. We've got announcements at 9.30am and 1.30pm which could cause some movements.
I've added links to financial calendars. I find the Forex Factory very helpful and informative, but i have to check the time zone otherwise it messes up the announcement times. Good thing is you can read about which announcements effect the markets, and why. You can also filter the news alerts to your selected currency pairs.
No comments:
Post a Comment