The increase in US natural gas reserves over the week was less than expected. Will the NATGAS quotations grow?Further growth of quotations is possible in case of increased demand in the US and the massive closure of short positions.
Getting ready for the publication of statistics
Weak macroeconomic statistics was published in Switzerland. The British authorities are going to take measures to stimulate the economy. Wil the GBPCHF quotations grow?
Inflation may accelerate in the Eurozone
Mario Draghi, president of the ECB, said that he expects inflation to accelerate in the Eurozone. Amid this, the euro rose to a 3-and-a-half-month high against the US dollar. Will the EURCHF rise? Their increase means the strengthening of the euro against the Swish franc
Euro may fall because of the difference in the ECB and Fed rates
The Parabolic indicator gives a bullish signal.
The Bollinger bands have widened, which indicates high volatility.
The MACD indicator gives a bullish signal.
According to the chart , by my perception the trend is downward . for this reasons :
1- Overlap of two FIBOs (Extension & Retracement ) at the 0.786 and 2.272
2-MACD confirms the above overlap
3-we encountered with divergent of RSI
4- FIBO time zone shows that we are at the correction price zone
According to the chart , I think the trend is downward for this reasons :
1- Overlap of two FIBO(extension & Retracement ) at the 2.272 and 0.786
2- we are at the end of wave 5 of Eliot that MACD confirms that
3- we encountered with the divergent of RSI