EURUSD - Trends, Forecasts and Implications (Part 1) - page 2239

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No .... Alive for a bit....

Here's the news. Check it out :) By the way, what was that rush down the pairs, especially the yen?

Thu 31.05.

- Strong impact
- Medium impact
- Weak impact


Time Country Macroeconomic data Period Fact Forecast Previous Impact
03:15 Japan Industrial Purchasing Managers' Index May 54.7 53,5
03:50 Japan Industrial production April 1.3% 2.6% m/m 1.2% m/m
04:25 Eurozone Statement by ECB President Jean-Claude Trichet
04:25 USA Address by Fed Chairman Ben Bernanke
04:30 Australia Consumer Price Index May 0.5% 0.4% m/m
05:30 Australia Balance of payments first quarter -16.6 billion -16.4bn -17.5bn
05:30 Australia Private sector lending May 0,2% 0.5% m/m 0.5% m/m
05:30 Australia Corporate operating profit first quarter 3,9% 3.1% qoq 2.2% qoq
05:30 Japan Average income April 1,5% 0.9% y/y 1.0% y/y
09:00 Japan New home starts April 0.6% y/y 6.6% y/y -2.4% y/y
12:00 Eurozone Monetary base M3 April -0.1% -0.2% y/y -0.1% y/y
12:00 Eurozone Private sector borrowing April 0.1% -0.2% y/y -0.2% y/y
13:00 Eurozone Consumer price index May 1.6% 1.7% y/y 1.5% y/y
16:30 Canada GDP change April 0.6% 0.5% m/m 0.3% m/m
16:30 Canada Commodity price index April 1.7% 1.1% m/m 0.8% m/m
16:30 Canada Industrial output price index April 0.3% -0.3% m/m -0.4% mom

 
If we go from here to about the low tomorrow or the day after, in my opinion a wide flat has not formed and the situation continues to threaten the risks of further downside moves below the current expectations of 1.21. I see why the forte has stepped up :) Got my eye on the chart :)))
 
 
NikT_58:

Let me ask you, what is this interesting indicator that draws oblique lines on your chart. If you do not mind, please send me the link. I would be grateful in advance.
 
FXlike:

the forum is dead, eh


The death of single traders does not mean the death of the thread. Telepuzik disappeared a long time ago.
 
I stand by my opinion - the trend has changed and hence, as I said, only buy.
 
strangerr:
I stand by my opinion - the trend has changed and hence, as I said, only buy.


Although I am not a professional forecaster, but my EA is also buy-oriented - if it goes up, it will start next, and if it reverses, it will try to break-even.

While waiting for a buy.

 
strangerr:
I still stick to my opinion - the trend has changed and therefore, as I said, only buy.

Globally, buy is already a long time coming, but locally, we have to finish the move down to 1.2165. Here, it will be clear whether we go up after the breakdown of the triangle at 340 pips or down after the breakdown of the trend line to 1.1860
 
strangerr:
I still stick to my opinion - the trend has changed and therefore, as I said, only buy.

Globally, buy is already a long time coming, but locally, we have to finish the move down to 1.2165. Here, it will be clear whether we go up after the breakdown of the triangle at 340 pips or down after the breakdown of the trend line to 1.1860
 
I support 1.1860
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