Preparing the stage for a long term reversal? Forex Technical Analysis: Technical Analisis forex After making a final push upwards, which came very close to the psychological resistance at 1. The resistance located at 1.
To analisis forex north, resistance is located at 1. Fundamental Outlook The first important indicator of the week ahead is released Tuesday: The same day analisis forex Analisis forex Retail Sales are released, making Tuesday one of the most important days of the week.
For almost the entire week, the Euro ranged without strong movement but the last day of the week was the most active as Euro Zone inflation dropped and the single currency weakened significantly.
The Analisis forex Consumer Price Index will be released Thursday, analisis forex the change in prices paid by consumers for their purchases; the 2 indicators are related because a higher PPI often translates into a higher Analisis forex which means that inflation increased. Technical Outlook The pair is in a clear and strong uptrend so the drop seen last week is considered just a retracement at the moment.
Forex Technical Analysis: Finishing the week below support? | GDMFX
The uptrend analisis forex is intact and price is still a safe distance away, but once this trend line is broken, we can start to think about major reversals and a possible trend change. For the time being, moves lower have a high probability of happening as the Relative Strength Index is moving down, coming out of overbought and the latest momentum clearly belongs to the analisis forex.
Patrones Graficos de Cambio de Tendencia ( Curso y manual )
First support sits at 1. Analisis forex Outlook Wednesday the Pound will be strongly affected by the release of the Claimant Count Change and Unemployment Rate, both important gauges of the UK employment situation. The same day the Bank of England Inflation Report comes out, containing projections for inflation over the next 2 years and Governor Carney will hold a Press Conference during which he will discuss the Report.