Get started

SNR

WEEKLY FORECAST Looking at the current market condition, regarding positive cpi report which came lower giving EUR the push to the upside. now which looks to make a snd and snr patterns in the following week. despite all the efforts on the push to fight against Inflation is still quite brutal and would still push EUR against the dollar in the downside for long run. however its only analysis based on my sole view and not a recommendation to any typical position taking decisions. thank you
Long
by Lavimystic
1
Weekly Forecast Hello traders! Well, this is purely based on my Analytical view. USDJPY has been showing quite a hawkish moves in the few months, in regarding current market conditions and its fundamentals. In this chart, we can see a recent rate decrease due to the last CPI Report which came out thursday carried most of jpys pair in a downtrend pushing the EUR up by increasing rates which leads to reduce the Dollar Index in the fight against inflation. With the persective on the current word market jpy could still show a upfrend in coming weeks and eur could still fall as the recession fears soars. But for the weekly chart produced in this content we well stand by to see few rejections by the retracement areas and pushing by only if it succeeds to break off those barriers. Thanks.
Long
by Lavimystic
1