Current Trend= The trend remained down the entire day.
Today I only looked for short trades.
11:30am EDT– There was a moving average crossover for a short trade but RSI was not less than 50 and MACD was already negative. This cancelled out the signal and I did not enter.
Trade Result: +0 pips.
News events to watch for Monday :
- 4:30am EDT- GBP Average Earnings Index
- 5:30am EDT– BOE Inflation Report
- 8:30am EDT– US Retail Sales
- 8:30am EDT– US PPI
- 9:10am EDT– US Fed Chairman Bernanke Speaks
For a list of all of tomorrow’s news events, check out our Forex Calendar