Need a Direction

Chart courtesy of Advanced Get. Data provided by ESignal.

We have some US news out today that we should keep an eye on. After that look at the markets to perhaps take a direction for today. The USDCAD pair is still around a support level. A lower close today could see further weakness but be aware of MACD convergence.

The GBPUSD is needing a direction which will only come from some form of fundamentals. Watch for news to move this market in either direction.

On a side note, I had an email last night from Peter who decided to make an attempt to discard his emotions and trust his analysis by walking away from the computer during the day. Learn to trust your analysis and you will benefit for more than those who do not and spend the day watching the screen. His email was titled "It Works". Well done Peter.

Hello Javid,

Thanks for yesterday, l was really down due to the losses but felt better after talking to you.

Well after listening to you and reading your posting this morning, l placed some trades and walked away from my machine and then came back to find ......profit of 74 pips....trading for the first time without emotions.....

Bless you

thanks

Peter.