Fundamental features:
Markets in Australia and in Great Britain were closed on Monday due to Easter. Last Thursday British retail sales were published. The actual data was quite good – retail sales in March grew for 1,1%. Core retail sales MoM grew for 1,2% (the forecast was -0,3%). Consequently, the situation with consumption in GB looks great.
This week we have to pay attention to the Australian economy. Australian inflation indicators for the first quarter are being released on Tuesday and Friday.
Technical features:
On 1W TF there is flat on the market. The price is moving sideways between 1,73430 and 1,8600.
On working daily TF the price is breaking 23,6% Fibo level correction. Williams %R reversed and started returning back into the working zone. DMI lines are ready to intersect each other. The price broke its short 9-EMA up.
Results: long positions after the pair breaks its 23,6% Fibo correction level 1,82770. The signal has to be confirmed with the indicators DMI and MACD. If the volume rockets it will give additional tip to buy.
Markets in Australia and in Great Britain were closed on Monday due to Easter. Last Thursday British retail sales were published. The actual data was quite good – retail sales in March grew for 1,1%. Core retail sales MoM grew for 1,2% (the forecast was -0,3%). Consequently, the situation with consumption in GB looks great.
This week we have to pay attention to the Australian economy. Australian inflation indicators for the first quarter are being released on Tuesday and Friday.
Technical features:
On 1W TF there is flat on the market. The price is moving sideways between 1,73430 and 1,8600.
On working daily TF the price is breaking 23,6% Fibo level correction. Williams %R reversed and started returning back into the working zone. DMI lines are ready to intersect each other. The price broke its short 9-EMA up.
Results: long positions after the pair breaks its 23,6% Fibo correction level 1,82770. The signal has to be confirmed with the indicators DMI and MACD. If the volume rockets it will give additional tip to buy.