End of July Analysis

9th August 2017 Wednesday

Make it a disciplined habit to analyse chart every end of month and every end of week.

Analysing for end of July

Candlestick chart – a continuation of bearish
Support 109.816/108.6

EMA 3 and 9 already crossed
Alr in lower Bollinger band

Still in a triangle consolidation mode

CCI is declining
MACD in bearish mode

Weekly
Boxed trading pattern
Resistance = 113.87/114.4
Support = 109.6/108.5

SHORT – WAIT FOR ENTRY TIME
Look @ weekly…
If 10th and 11th Aug Job and CPI are good, it could go up
And then Tues/Wed it would decline and thus enter

Economic Calendar
10th Aug Thursday = US Job
11th Aug Friday = US CPI
17th Aug Thursday = US Job
25th Aug Tuesday = JAP CPI
30th Aug SATURDAY = US ADP