Tuesday, August 15, 2017

Daily closure of gbpusd gives positive signals for unemployment today



despite the violent landing of cable  because of the negative inflation news, as the index of consumer prices was -0.1%, lower than the 0.0% expected analysts, and is of the same value as the previous month, the consumer price index also came annually at 2.4%, less than analysts expected at 2.5%, but like the previous month, and on the other side the US retail sales for the month of July, positive, 0.6%, better than analysts expected at 0.4%, better than  the previous month, which reached 0.3%.
But the daily CANDLE closed the cable in a positive way, where once touching the price of the 61.8% of the fibonacci retracement  between 3 August top at the level of 1.3267 and  June 21 bottom at the level of 1.2588, we will notice that the price respect the level of 61.8% of 1.2847 ,reverse from it,price has been unable to close an hourly candle below this level and the dialy candle close over this level by21 points at 1.2868.
We also find that the bottom at the level of 1.2845,hit a trend, based on the bottom on March 14 at the level of 1.2108, and the bottom on June 21 at a level1.2588.

As well as find the Gartley model appear predicting price ascending  and breaking the  3 August top .

Today we have  British unemployment  news which, if positive, will support market respect for trend and support gartley model.



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