New week, new chance to make pips! Here are potential catalysts and chart inflection points that I’m looking at for the dollar’s major currency pairs.
1-Hour Charts of the Majors
Purple Line: weekly open prices (WO)
Blue Line: weekly highs and lows (PWH, PWL)
Red Line: top and bottom weekly ATRs (tWATR, bWATR)
Blue MA: 100 SMA
Red MA: 200 SMA
1. Election talks – Germany and New Zealand’s elections may be over, but that doesn’t mean we won’t see any action! Until we see solid progress on Angela Merkel and Bill English’s coalitions, then it’s likely that risk-averse investors will stay away from making huge bets on the euro and Kiwi. Oh, and let’s not forget that Shinzo Abe is about to call for snap elections, too!
2. Central banker speeches – Aside from politics, MONETARY policymakers are also set to take center stage and potentially cause some volatility for the major currencies. Make sure you keep updated by checking out your forex calendar!
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