Hey, traders. Hope you guys had good weekend.
In this week, FOMC will be held and it will bring big movement on market.
Let's check the chart and the price movement.
We can see
1. Long-term ascending channel is about to be broken.
2. Support on 11800, 11200, and 10700
3. the price has been got into descending channel again
We should check
1. Building Permits (Aug)
2. ECB President Lagarde Speaks
3. Existing Home Sales (Aug)
4. Fed Interest Rate Decision
5. BoE Interest Rate Decision (Sep)
6. Fed Chair Powell Speaks
We can expect
1. the price goes up for short and fall back by the resistance on 12400.
2. the price keep falling toward 11200.
3. rebounding on 11200 for short toward 11800.
4. dropping toward 10700 which is overlapped support.
Fed's will raise their interest rate to 3.25% or more.
We may be able to make great chance for trading from this.
Hope you guys have good chance. Thank you for reading and hope this insight was helpful.
In this week, FOMC will be held and it will bring big movement on market.
Let's check the chart and the price movement.
We can see
1. Long-term ascending channel is about to be broken.
2. Support on 11800, 11200, and 10700
3. the price has been got into descending channel again
We should check
1. Building Permits (Aug)
2. ECB President Lagarde Speaks
3. Existing Home Sales (Aug)
4. Fed Interest Rate Decision
5. BoE Interest Rate Decision (Sep)
6. Fed Chair Powell Speaks
We can expect
1. the price goes up for short and fall back by the resistance on 12400.
2. the price keep falling toward 11200.
3. rebounding on 11200 for short toward 11800.
4. dropping toward 10700 which is overlapped support.
Fed's will raise their interest rate to 3.25% or more.
We may be able to make great chance for trading from this.
Hope you guys have good chance. Thank you for reading and hope this insight was helpful.
