USDJPY TA review. Price bounces off support level - resumes to bullish. RSI returns to neutrality zone Corrective waves are moving sideways in flat formation. Scenario: Price will possibly decline again after testing Kumo. (starting a new downward impulse wave or maybe the strongest wave 3)
SPX500 Decreasing volume means that the trend is weakening. RSI bounces from neutralized area and remains bullish. Scenario: no idea...
this week major events: OZ side - pre result Fulltime employment : 11.50K Employment Change s.a. : 17.40K Part-time employment : 5.90K Unemployment Rate s.a. : 6.2% Participation Rate : 65.0% US side - pre result Retail Sales (MoM): Retail Sales ex Autos (MoM): Initial Jobless Claims: Consumer Price Index Ex Food & Energy (YoY): 1.8% Consumer Price...
GBP/USD USDOLLAR: USD-long positions vs the AUD, JPY, GBP , and EUR (AUD, JPY, GBP , and EUR at 25% each)
The PC market suffered an 11 percent decline, which was worse than previously expected, said IDC. daily chart:
"One of the most useful trading patterns I found to be the most profitable is the a-b-c pattern.." Source: www.dailyfx.com