Neutral
Thoughts on CADJPYAfter the failed gartley with AB=CD pattern, we can see too things the market would do: bullish because of a flag pattern (or channel, depending if you see it as geometry or harmonic theory) or bearish because of an ideal AB=CD pattern as 0.786 : 1.27. I recommend to wait for signals when it approaches to a zone marked. In that case, bearish possibility at 101.681 - 101.969 or bullish possibility at 100.148 aproximately.
Week Ahead - GBPUSD May 22nd, 2022 Events:
US - FOMC Minute
US - core PCE Inflation
US - FED Speakers
FED is expected to raise interest rates by 50bp at the next meeting. Keep an eye out for dovish members warming up to the idea of a 75bp hike instead. Doves turning more hawkish.
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GBP - Manufacturing PMI
GBP - BoE Speeches (Baily and Tenreyro)
BTC BULLISH OR BEARISH?!I am neutral on BTC this new week. if price breaks above the trend line and retests properly, I will look for a buy position. if it breaks bellow and retests, I will short. How was this analysis? have any question? ask below.
DYOR, This is not a financial advice.
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USDCAD SUPPLY AND DEMAND ZONES TO WATCH OUT FOR.USDCAD just broke out of a descending triangle on the 1HR TF. we expect price to rally down to 1.27900 DEMAND ZONE before moving up 1.2700, which is our SUPPLY ZONE. our (POI) is also the 0.618 fib level, and we are looking to short from here.
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