US inflation data was released yesterday, which turned out to be much higher than forecasted. A strong strengthening of the dollar began in the forex market, this also affected the cryptocurrency market. This is due to the fact that some analysts began to predict an increase in interest rates by the US Federal Reserve System. At the moment, there is a correctional movement in Forex and major cryptocurrencies. Perhaps we are in for a slight decline, for the formation of a double double bottom, Then we will be ready to grow. Also, there is a high possibility of growth without the formation of a double bottom, as indicated by some technical indicators.
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Subscribe to my telegram channel to receive up-to-date information. t.me/thewolfoffewstreets
Visit website thewolfoffewstreets.com and subscribe on my social accounts for more information and thoughts about markets.
Visit website thewolfoffewstreets.com and subscribe on my social accounts for more information and thoughts about markets.
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.