EUR Consumer Confidence Report Prediction Analysis
I am not saying to buy, but I am predicting the outcome of the economic calendar for tomorrow's trade:
The report will be Wednesday, January 25, 2017 at 4am (New York Time): The EUR Consumer Confidence Report
I it important to me? Not really, but it tends to move the market. Here is my prediction, also click the link. It has an image of my prediction. I will be preparing for it. I may get in early. I don't know.
It seems to already be moving without me, but my day is done. So, I will just watch.
Fundamentals:
The only fundamental data release that will come out tomorrow is for the Euro economy and the New Zealand economy. For the Euro, expect a positive surprise in the data. That is exactly what will be the catalyst of the day. Maybe it shall give the Euro the excuse to rally up just one more time before the great fall.
The New Zealand CPI, according to my studies, shall be positive. This is a great time to pair a stronger currency with a weaker one, such as EURJPY, NZDJPY among others.
Check out my calendar report and save it:
gyazo.com/0f0f27fc7f2fc8dc2e01a7aaae86cad8
This is not intended to be a long-term investment, but a short-term trade. I will be going for 25 to 50 pips if it an opportunity becomes clear.
Technicals:
(1) EURUSD at support.
(2) Bullish divergence
(3) Stochastics oversold
(4) EURUSD at 61.8% and 78% fibs.
Bad news:
(1) 1.07418 resistance
(2) Within profit taking area. I even took profit.
(3) I am not confident in whether this is the end of a trend or a pause of a bull move.
Conclusion:
For now, I determine that this is a pause of a trend with some hallmarks of a pair on the brink of is upward trend lifespan.
The report will be Wednesday, January 25, 2017 at 4am (New York Time): The EUR Consumer Confidence Report
I it important to me? Not really, but it tends to move the market. Here is my prediction, also click the link. It has an image of my prediction. I will be preparing for it. I may get in early. I don't know.
It seems to already be moving without me, but my day is done. So, I will just watch.
Fundamentals:
The only fundamental data release that will come out tomorrow is for the Euro economy and the New Zealand economy. For the Euro, expect a positive surprise in the data. That is exactly what will be the catalyst of the day. Maybe it shall give the Euro the excuse to rally up just one more time before the great fall.
The New Zealand CPI, according to my studies, shall be positive. This is a great time to pair a stronger currency with a weaker one, such as EURJPY, NZDJPY among others.
Check out my calendar report and save it:
gyazo.com/0f0f27fc7f2fc8dc2e01a7aaae86cad8
This is not intended to be a long-term investment, but a short-term trade. I will be going for 25 to 50 pips if it an opportunity becomes clear.
Technicals:
(1) EURUSD at support.
(2) Bullish divergence
(3) Stochastics oversold
(4) EURUSD at 61.8% and 78% fibs.
Bad news:
(1) 1.07418 resistance
(2) Within profit taking area. I even took profit.
(3) I am not confident in whether this is the end of a trend or a pause of a bull move.
Conclusion:
For now, I determine that this is a pause of a trend with some hallmarks of a pair on the brink of is upward trend lifespan.
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