The whole currency market is waiting for NFP (and Unemployment rate). The currency pair on the hourly chart forms a double bottom and enters the local range. A new zone of interest opens. What next?
Preliminarily, the data is expected to be lower than in the last period and it may negatively affect the national currency. The local chart on the right (Daily Dollar Index): a false break-down of the level of 105, which the price cannot overcome for a long time, and therefore there is a chance that the price will get weaker.
Hence, the currency pair might break through the mentioned resistance zones and test the area of liquidity and interest
I expect a bullish reaction in the nearest future and a re-test of the resistance area with a possible breakdown of the upper boundary of the channel and re-test of the area of interest at 1.07000.
Regards R. Linda!
Preliminarily, the data is expected to be lower than in the last period and it may negatively affect the national currency. The local chart on the right (Daily Dollar Index): a false break-down of the level of 105, which the price cannot overcome for a long time, and therefore there is a chance that the price will get weaker.
Hence, the currency pair might break through the mentioned resistance zones and test the area of liquidity and interest
I expect a bullish reaction in the nearest future and a re-test of the resistance area with a possible breakdown of the upper boundary of the channel and re-test of the area of interest at 1.07000.
Regards R. Linda!
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🌹TRADING is a CASINO💔!?
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Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
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Join me, I'll guide you to PROFITABLE TRADING💵!
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🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.