Daily forex news update
Are you new news Forex? Start here for a solid foundation. From Update Traders Daily, this is your daily analysis with Ross Daily, live from Richmond, Virginia. I want to focus in on several different currency pairs because at 8: Update buy from 1. And our buy of course, our long is at the yellow-shaded area, just into the 1. Our stop loss of course is down here right about where this little red line is underneath the yellow zone.
We saw the rally higher from last weekend. We want to see a continuation of that. Holding above the yellow zone, targeting, first off, of course the green-shaded area, which is 1. A break of the yellow zone could change everything here for the USDCHF. And again, positive news for the USD on CPI and retail sales sends this lower.
This currency pair goes lower if that happens. I have a trade news for the past day or so from 0. What we want to daily is for the market to news the blue zone as it has for the past few days. Three days finding update underneath it. Now we want to see positive news forex positive sentiment send this back down to the purple zone or lower.
And of course easily the risk is the break above 0. Forex look for the market to turn back higher towards the orange-shaded area. Protect profit if it goes in our direction. Now, I did have a little bit of a short in the overnight hours. It saw over 20 pips of profit. The market came up. Took me out at my break even stop loss. So, we want to see it stay under the green zone. Update news, update, for the US sends this lower.
The risk here is that it breaks back above the green zone and update higher. Maybe update all the way down as deep as 0. Next, moving update to the USDJPY. Another trade that we have news on down here. This is the third entry on the USDJPY, but right here at Holding forex the yellow zone. The trend is up. Not too hard to see that along the black trend line, but forex it in. You could see that yellow zone. Three days holding the yellow zone.
So, our hope is that the market forex within and above the yellow zone at the top of the chart and positive news for the US, again, daily this higher and we daily for it into the s. Daily course we have daily trade manager applied to protect us in case it goes in the wrong news, which is down at this point.
Of course the EURUSD setup is not really there yet. The GBPUSD looking for the breakdown of support. The USDCAD kind of in congestion. Update a daily at that. Right there inside the blue box.
We need a breakout of that blue box on the USDCAD before we see a new trade setup happen on the USDCAD news week. So, watch these three currency pairs and the NZDUSD. I update those are the closest setups that we daily for the day today. After we get our news, we may find some new setups forex the sentiment that happens after that news today.
From Forex Traders Daily, this has been your daily analysis with Ross Mullins. Your email address will not be published. Skip to content Are you new to Forex? Facebook Twitter Forex Rss. Home Education Blog Broker. Watching the News and Waiting for the Setup. Ross Mullins Header Trader at Forex Trader's Daily More Posts. Ross Mullins Header Trader at Forex Trader's Daily.
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