4 Hrs Graph
Fairly strong bearish market trend. RSI is truly going down . It is undoubtedly nearly oversold zone. At this second RSI is at 30. We observe red bearish divergence. That divergence was finished and we did go down. But trixes were green after that. Now trixes are back in red color and both are crossed.
On An Hourly Basis Graph
Seriously powerful bearish direction. RSI is in fact going down . It is without a doubt at oversold zone. In this second RSI is at 42. We see red bearish divergence. Just started bearish divergence. Both trixes are red and crossed.
15Min Forex Chart
Extremely powerful bearish direction. RSI is really heading down . It is undoubtedly near by oversold area. At this moment RSI is at 30. We spot red bearish divergence. But that divergence is very old. Now both trixes are red and going down.
5 Min’s Graph
Somewhat powerful bearish trend. RSI is now rolling down . It is undoubtedly near by oversold area. In this second RSI is at 21. We already have green bullish divergence. But we had many divergences in row. 4 bullish and 2 bearish. Trixes are both red and going down.
Fibonacci Pivot Line is actually at 1,22982, and then we have open at 1,22889. After opening we tend to be down.
Looks like we will see some bearish movement this week after all. We have strong signals for ebarish movement and we are already going down. The only question is how far down can we go.
Most vital announcements for today tend to be: Building Permits and Unemployment Claims at 14:30 and Philly Fed Manufacturing Index at 16:00 will have impact on US Dollar.. We will not enter into a trade during the news periods. For this reason do not come into a trade at this periods: 10:30 – 11:30, 14:00 – 15:00 and 15:30 – 17:00.
11:00 EUR CPI y/y 2.4% 2.4%
11:00 EUR Core CPI y/y 1.7% 1.6%
14:30 USD Building Permits 0.77M 0.76M
14:30 USD Unemployment Claims 365K 361K
14:30 USD Housing Starts 0.76M 0.76M
16:00 USD Philly Fed Manufacturing Index -4.7 -12.9
16:30 USD Natural Gas Storage 25B 24B