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Main Trend
Current Trend
The trend was DOWN the entire day.
Today I only looked for short trades.
News events to watch for today :
- 4:30am EST– UK CPI
- 8:30am EST– US Retail Sales
- 10:00am EST- US Business Inventories
Today’s Surf
5:45am EST– There was a moving average crossover for a short trade. Stochastics were trending down, MACD went from positive to negative but RSI was greater than 50. This cancelled out the signal and I did not enter.
9:00am EST– There was a moving average crossover for a short trade. RSI was trending down, stochastics were trending down, but MACD was already negative from the previous candle. This cancelled out the signal and I did not enter.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for Wednesday:
- 8:30am EST– US Empire State Survey; PPI
For a complete list of news events check out our Forex Economic Calendar.
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