End of Week review

2017年8月27日

Sunday 27th August 2017-08-09
End of week review chart

Monthly chart
Candlestick – still bearish
Next support = 106

EMA 7 & 10 haven’t crossed yet

MACD flat lining
Stoch idem
CCI idem
Momentum declining

>conclusion: need a jolt

Weekly chart
Candlestick – 2x dojis = indecision
Another weak support circa 107.9/108.1


EMA 7 is well below 30 and 50

Calendar
Jackson Hole this weekend
Tuesday 29th August 2017 10am = Jap Job
Wednesday 30th August 2017 22.00 = US ADP**
Thursday 14th September 2017 = US PPI and US CPI/inflation***

*Conclusion
Weekly = cannot enter, it is indecision (2 doji)
Plust, there is Jackson Hole and it is at support level (109)
The 109 must be broken strongly before a trade can be entered confidently

The next support is too close at 108

Once 108 is reached and already bounced back from reaching and CPI is at bay (either has passed or is 1 week away) a trade can be entered.