The Harmonic Support Zone I mentioned in this week's newsletter.
Comey's tension eases, the GBPUSD is crashing down following the UK elections (1.3 was also a resistance zone I mentioned in this week's newsletter) and Investors are starting to buy again with expectations for another rate hike next week.
DXY is up and back above 97$
The final target zone of this potential bullish scenario is the 200 days MA line and the re-test of the broken trend line.
More updates in next week's newsletter
Comey's tension eases, the GBPUSD is crashing down following the UK elections (1.3 was also a resistance zone I mentioned in this week's newsletter) and Investors are starting to buy again with expectations for another rate hike next week.
DXY is up and back above 97$
The final target zone of this potential bullish scenario is the 200 days MA line and the re-test of the broken trend line.
More updates in next week's newsletter
Note
Closed above the Fast MA line. That's a bullish sign
Now focus shifts to the Fed.
Will it reach 98-99$ again?
Bullish setup on GLD suggests it may not.
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.