Hi traders.!
We've now reached demand zone from 4Q 2016 - 1Q 2017. We are currently at the lowest level in two and a half years.
There are several reasons for the Cable rebound tomorrow.
- The cable is reached major buy zone today.
- FED's rate cut is expected tomorrow. This will likely move DXY down.
- DXY is forming a triple top, supply zone @98.2X level. I am expecting DXY to go down tomorrow after reaching the weekly top level along with rate cut. [will move the Cable higher]
- We are almost 250 pips down after no-deal Brexit risk. This is def oversold for such an expectation.
We've now reached demand zone from 4Q 2016 - 1Q 2017. We are currently at the lowest level in two and a half years.
There are several reasons for the Cable rebound tomorrow.
- The cable is reached major buy zone today.
- FED's rate cut is expected tomorrow. This will likely move DXY down.
- DXY is forming a triple top, supply zone @98.2X level. I am expecting DXY to go down tomorrow after reaching the weekly top level along with rate cut. [will move the Cable higher]
- We are almost 250 pips down after no-deal Brexit risk. This is def oversold for such an expectation.
Trade fermée: ordre d’arrêt atteint
Trade fermée: cible de profit atteinte
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.