Neutral
Week Ahead - GBPUSD May 22nd, 2022 Events:
US - FOMC Minute
US - core PCE Inflation
US - FED Speakers
FED is expected to raise interest rates by 50bp at the next meeting. Keep an eye out for dovish members warming up to the idea of a 75bp hike instead. Doves turning more hawkish.
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GBP - Manufacturing PMI
GBP - BoE Speeches (Baily and Tenreyro)
BTC BULLISH OR BEARISH?!I am neutral on BTC this new week. if price breaks above the trend line and retests properly, I will look for a buy position. if it breaks bellow and retests, I will short. How was this analysis? have any question? ask below.
DYOR, This is not a financial advice.
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USDCAD SUPPLY AND DEMAND ZONES TO WATCH OUT FOR.USDCAD just broke out of a descending triangle on the 1HR TF. we expect price to rally down to 1.27900 DEMAND ZONE before moving up 1.2700, which is our SUPPLY ZONE. our (POI) is also the 0.618 fib level, and we are looking to short from here.
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Neutral outlook on ETHERIUMBuy the dip is a familiar term which is often associated with crypto, we've seen price neatly bearish since April and we are currently at a very major level of support in the market, we are likely to see a range as of now.
IF Price breaks above or below structure, we can begin to see a clear way forward.
FOR NOW, it's best to wait