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Current Trend= The trend remained down the entire day.
Today I only looked for short trades
News events to watch for today :
4:00am EST- There was a moving average crossover for a short trade, RSI was less than 50, MACD went from positive to negative, but stochastics was trending up which cancelled out the signal. Also, although it wasn’t news for the GBP or USD, the German Business Climax Index showed a contracting economy for the first time in a very long time which had a ripple effect across the board. Because of this I would not have traded it even if it was a valid signal because I would’ve considered a news candle.
Trade Result: 0 pips R-Multiple: N/A
News events to watch for tomorrow :
- 8:30am EST– US Durable Goods
For a complete list of news events check out our News Section