Yesterday USD showed some strength relative to most pairs, expect for trend reversal a possible corrective move with possibility of strong USD in NY session. A lot of fundamentals coming out today so market may end up to be choppy - Be Cautious

Outlook Relative Weak USD 

Fundamental Watch


French Flash Manufacturing PMI                    EUR                                    3:00 am ESt
German Flash Manufacturing PMI                   EUR                                    3:30 am EST
German Ifo Business Climate                        EUR                                     4:00 am EST
ECB President Draghi Speaks                       EUR                                     7:45 am EST
New Home Sales                                          USD                                     10:00 am EST
BOC Monetary Policy Report                          CAD                                     10:30 am EST
BOC Press Conference                                  CAD                                    11:15 am EST
FOMC Statement                                          USD                                      2:15 pm EST

Awaiting Feedback !!!

Best

-Sardar

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Tags: 24th, Analysis, Forex, October, Pairs, Sardar, USD

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Hi Sardar,

As you mentioned that the markets are going to be choppy today. So have you done the analysis purely on technical indicators, or have you also considered the news? For a better understanding can you explain what in particular you have taken into account and based your analysis on?

Best

Sunshine.

Analysis are mostly done on technical bases but fundamentals are need to be considered as they add volatility to market.

Best

-Sardar

Hi Sardar,

I will appreciate your guidance with regards to how you did this analysis.

Thanks for liking the analysis.

For analysis I look at correlation, support and resistance, Fibs , trend lines and candle formations.

I myself am trying to learn so if there is any thing in particular I will be more then happy to answer.

Best

-Sardar

I would send you a message. 

Thanks

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