- Quant Scores shifted against USD by 10 points
- Building permits less than forecast showing a potential slowdown in approved housing
- Supported by a negative result in housing starts which can affect many other factors of growth such as jobs and money supply
- Consumer Confidence heavily lower than forecast suggesting the US consumers are less confident in...
The pair is on a strong long term Channel Up on 1W (RSI = 56.469, MACD = 0.047) trading on its Higher Low zone (Highs/Lows = 0.0000). Naturally, 1D is now neutral (RSI = 51.144, Highs/Lows = 0.0000), trading on its own Channel Up Higher Low, pricing a break upwards. The latter gives a buy signal with TP = 6.7000 (Higher High). The 1W Channel Up gives a buy signal...
DAILY: inverted H&S, currently at 23.6 fibo and
in confluence with trend line support
and previous support
if going long, break of 6.65323 & 6.69634; TP at 6.85976
if going short, break of 6.46108; TP at 6.34416