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.
_________________
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.
Kindly follow and comment bellow. thanks
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.
kindly follow back and leave a comment.
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
POSSIBLE BREAK BELOW STRUCTURE ON AAPLEAAPL has been on a downtrend for a couple of weeks now and we are likely to see a downward continuation if the 140 major support which was created in October last year is broken impulsively or correctively.
I will be looking to buy if it breaks above 147 which has served as a resistance as well as a support.
$ZEN with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $ZEN after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
Thoughts on GBPUSD (Bearish possibility)Although the market is consolidating, the market is moving on a price range and making a rectangle pattern. We just have to wait for the price to give us the entry whether is a sell or buy. I'm inclining to believe that gbpusd will go for a short position and mostly because we've been in a bearish market this past months, but we just have to wait for the price to tell us what it's going to go. Target would be the green lines depending what the market does in the future.
Do you have any other ideas? Let me know on the comments.