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Main Trend

Current Trend= The trend remained down the entire day.

Today I only looked for short trades.

Today’s Surf

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 EDTUS Retail Sales
  • 8:30am EDTUS PPI
  • 9:10am EDT– US Fed Chairman Bernanke Speaks

For a list of all of tomorrow’s news events, check out our Forex Calendar

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