-Formation of the market:
Against the background of the next trading tariffs, the price of the asset is again testing the level of 3400, forming the imbalance level of 3380-3385.
-Forecast:
In the medium term, there will probably be a decline to the imbalance level, and then another test of the 3400 level, with a likely subsequent pullback to the 3350 support level.
-News Background:
The main focus of attention this week should be on:
1.Fed Speeches (Tuesday, July 22)
2. Preliminary PMIs (Thursday, July 24)
3. Initial Jobless Claims (Thursday, July 24)
Against the background of the next trading tariffs, the price of the asset is again testing the level of 3400, forming the imbalance level of 3380-3385.
-Forecast:
In the medium term, there will probably be a decline to the imbalance level, and then another test of the 3400 level, with a likely subsequent pullback to the 3350 support level.
-News Background:
The main focus of attention this week should be on:
1.Fed Speeches (Tuesday, July 22)
2. Preliminary PMIs (Thursday, July 24)
3. Initial Jobless Claims (Thursday, July 24)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.