Dear friends!
The exit from the bearish channel has led to an impressive price increase. At the time of writing, the financial market is trading above the $3,300 mark. The uptrend is very strong as it consolidates at high levels with stable trading activity on the 2-hour time frame.
Therefore, the upcoming reports on US employment and manufacturing are highly anticipated. This has contributed to the market being hotter than ever. The price increase is expected to reach $3,385, if the Fed signals monetary policy easing. What do you think about this? Do you agree with me?
The exit from the bearish channel has led to an impressive price increase. At the time of writing, the financial market is trading above the $3,300 mark. The uptrend is very strong as it consolidates at high levels with stable trading activity on the 2-hour time frame.
Therefore, the upcoming reports on US employment and manufacturing are highly anticipated. This has contributed to the market being hotter than ever. The price increase is expected to reach $3,385, if the Fed signals monetary policy easing. What do you think about this? Do you agree with me?
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Related publications
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.