Duration: 2 weeks
- working your way through lessons;
- doing practical assignments;
- discussing trading system specifics;
You Will Get:
Positive (+) and negative (-) factors for DOLLAR: (+) FED still saying about % rates rising; (+) yearly GDP cycles suggest recovery of GDP in the middle of year closer to 3% (that on 1% above EU and GB); (+) local dollar falling from 1.05 to 1.15 (over 10%) increasing export and rising of Manufact. PMI, that will start recovery, and also increasing CPI rising because of more expensive foreign goods, that support % rates increasing; (-) falling of WTI prices decreasing CPI and perspectives for % rates. But now oil will be trading in range of $42 - $49, that will stabilize situation. Only falling below $42 will open road to $37, that will be negative for CPI and % rates.
Today after Draghi speech market strated strong and fast uptred, that is looks very strange, because Draghi didn't said anything new to the market. Same time today we have Yellen speech and looking that market now is trading on the key resistance level, very possible that Yellen will be able to turn market down. An downtrend will start as soon, as the market drops below support level 1.1320fx/1.1365cme, which will be followed by a move down to support level 1.1170fx/1.1240cme.
Uptrend scenario: Market is going to start downtrend from resistance level 1255 - 1258, with target on support level 1243 and this downtrend may be expected to continue, while market is trading below resistance level 1258. Downtrend scenario: An uptrend will start as soon as the market rises above resistance level 1258, which will be followed by a move up to resistance level 1263 - 1268.
Uptrend scenario: Market is going to start downtrend from resistance level 43.65, with target on support level 42.90 and this downtrend may be expected to continue, while market is trading below resistance level 43.65. Downtrend scenario: An uptrend will start as soon as the market rises above resistance level 46.65, which will be followed by a move up to resistance level 44.45 - 44.90.