Since November 1st, the price has failed to break the 0.99 level and issue confirmation of a break above this level in 5 attempts.
Breaking this level activates the 0.9930, 0.9960 and 1.0000 targets.
Regardless of the trend line, I expect a weaker hawkish tone at the November 2 meeting given the Fed's policies. In this case, targets of 1.0200 and 1.0370 will be available.
We will see a drop if we have a 75Bsp increase in the interest rate.
As you can see in the analyze, the price is reaching 2 important ranges of the downward trend line and the important zone of supply. I expect to see a suitable reaction of falling at the intersection of these 2 ranges. The price targets will be announced in the new update.
With the strengthening of the dollar and the expectations of the Central Bank of America, we can expect a more downward trend in the indices, and how long will this issue continue?
Having a trading setup is important for every trader, but?
One of the most important things in the analysis using Elliot's theory is that every analysis gives a level, which is called...
In the 4-hour time frame, two important supply ranges are considered, which the analyst believes is that the price will gain a stronger probability of loss after climbing to the second supply range in numbers (1.36500-1.16750)
And there is also the possibility of rotation in the first supply area, which requires approval.
