Trade Idea (RSI, Woodies CCI, Divergence, GMMA, Fibonacci, Pivot) 2020-10-09

Trade Idea

Good morning.

Yesterday’s US stocks continued to rise and closed. The US presidential election is a big uncertain factor, but it seems to be supported by the optimistic view that “no matter which one wins, the additional economic measures will be large-scale.” US stock market is really optimistic.

On the other hand, the foreign exchange market has been exhausted by the president’s Twitter, and market direction has finally disappeared.
As you see below, GMMA of EURUSD looks like “one” line (lol). No direction, no trade.

Shall I develop EA to prepare “after the presidential election”.

(Please click the chart to enlarge.)

Market Environment

Yesterday’s currency strength

US market yesterday

DJIA: 28,425.51 (+122.05, +0.43%)
NASDAQ: 11,420.98 (+56.38, +0.5%)
S&P 500: 3,446.83 (+27.38, +0.8%)
GOLD: 1,902.7 (+7.6)
OIL: 41.15 (-0.04)
US 10-YR: 0.774 (+0.007)
VIX: 26.36 (-1.7)

Asian market today

Nikkei: 23,676~ (+29)
CME Dow future: 28,447~( +21 Dow)

Economic indicators today

Today we will have no critical economic indicators.