ASIAN SESSION
A) CALENDAR
-No Press Releases
B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4175 117.80 2.0470
R2 1.4155 117.60 2.0440
R1 1.4140 117.45 2.0420
S1 1.4075 116.75 2.0370
S2 1.4055 116.60 2.0340
S3 1.4040 116.45 2.0310
C) WATCH
-Interest Rates
D) TRADING TIPS
There are three types of triangles �symmetrical, ascending, and descending. Each type of triangle has a slightly different shape and has different forecasting implications.
The symmetrical triangle shows two converging trendlines, the upper line descending and the under line ascending. The vertical line at the left, measuring the height of the pattern, is called the base. The point of intersection at the right, where the two lines meet, is called the apex.
The ascending triangle has a rising lower line with a flat or horizontal upper line. The descending triangle , by contrast, has the upper line declining with a flat or horizontal bottom line.
EUROPEAN SESSION
A) CALENDAR
-No Press Releases
B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4175 117.80 2.0470
R2 1.4155 117.60 2.0440
R1 1.4140 117.45 2.0420
S1 1.4075 117.10 2.0340
S2 1.4055 116.75 2.0310
S3 1.4040 116.60 2.0290
C) WATCH
-Interest Rates
D) TRADING TIPS
There are three types of triangles �symmetrical, ascending, and descending. Each type of triangle has a slightly different shape and has different forecasting implications.
The symmetrical triangle shows two converging trendlines, the upper line descending and the under line ascending. The vertical line at the left, measuring the height of the pattern, is called the base. The point of intersection at the right, where the two lines meet, is called the apex.
The ascending triangle has a rising lower line with a flat or horizontal upper line. The descending triangle , by contrast, has the upper line declining with a flat or horizontal bottom line.
US SESSION
A) CALENDAR
-GMT 14:00 USA Wholesale Sales (Aug) EST na PREVIOUS 0.1%
-GMT 14:00 USA Wholesale Inventories (Aug) EST 0.3% PREVIOUS 0.2%
B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4200 117.80 2.0510
R2 1.4175 117.60 2.0490
R1 1.4155 117.45 2.0470
S1 1.4110 117.10 2.0420
S2 1.4090 116.75 2.0370
S3 1.4075 116.60 2.0350
C) WATCH
-Interest Rates
D) TRADING TIPS
There are three types of triangles �symmetrical, ascending, and descending. Each type of triangle has a slightly different shape and has different forecasting implications.
The symmetrical triangle shows two converging trendlines, the upper line descending and the under line ascending. The vertical line at the left, measuring the height of the pattern, is called the base. The point of intersection at the right, where the two lines meet, is called the apex.
The ascending triangle has a rising lower line with a flat or horizontal upper line. The descending triangle , by contrast, has the upper line declining with a flat or horizontal bottom line.