Upon closer look we have 2 possibility. Market validate double bottom pattern & break trendline. OR will it reject trendline and form HNS pattern.
IMO GBPUSD will break trendline as the USD Currency weaken unless US core ppi show positivity. Whats your opinion om gbpusd?
Last week 1915 was a decisive resistance for price to reach 1990. Upcoming Fed Decision, Will it retest 1915 support or will it trade below 1915?
Upcoming Fed Rate Decision, I am confident Fed will rise Interest rate despite having a dilemma like SVB.
However, it pausible Fed will stop interest rate at 5% IF inflation rate in bearish This is based on my personal...
Last week 1915 was a decisive resistance for price to reach 1990. Upcoming Fed Decision, Will it retest 1915 support or will it trade below 1915?
Upcoming Fed Rate Decision, I am confident Fed will rise Interest rate despite having a dilemma like SVB.
However, it pausible Fed will stop interest rate at 5% IF inflation rate in bearish momentum.
This is based on...
My personal opinion on price movement based on Fed Decision.
Fed Decision:
1. Interest rate Increase (Most likely)
USD temporarily become strong.
Price will drop until 1.05300 and slowly climb back to 1.07500
2. No Changes in Interest Rate (Pausible)
Price will retest at 1.06500
or
Will possibly break resistance 1.08000
3. Interest rate Decrease...
To slowing down inflation, FED hike interest rate agressively. These action however cause bankruptcy for banks like SVB as we seen last week. This week
We have UBS-CS deal to halt bank crises.
Following these news, i am still bullish on XauUsd as the inflation still pervail. Although UBS-CS deal stabilized the market temporarily.
