Yesterday, we had a significant movement with the CPI news ,which may have formed the first leg of our upward trend
Also, Mr. Powell's conference changed the market's view on interest rates
In any case, nothing can be predicted, but most likely the price will increase
During the last two days, we did not see an interesting chart due to the low volatility of the market!
We are now in an upward channel, where PPI news today can cause important moves
By a 60% chance the price will drop down!!
Have a great weekend!
After two days of low volatility in the market, yesterday we had a small movement that it may not allowed to enter, which I have shown in detail on the chart.
Initial jobless claim rate can effect on market today, just wait for the valid breakout!
Have a good day
I tried to analyze market cycles and it seems that we are not going to have a high volatility day, but maybe something's happen in NY session!
The probability of going upward is higher in higher timeframes but maybe it's a trap!
Do not take positions until it is completely clear for you!
Thanks
EURUSD 15MIN
We didn't have any specific movements from Sydney session up to US PMI RATE !
After that the market dropped down and we started to create a bearish channel!
I think this channel can create at least one more leg but we will be in TR until next session!
Market's atmosphere is good and we can have more upward movements in coming days.
If it is fail , it is more likely to have some trading ranges after a little correction for a few days!
Strong Bearish Bo at current point will increase the chance of falling down!
Do not enter until it is completely clear for you!!
** XAUUSD 22 NOV - 22 DEC
* We expect a price increase and new highs on Monday!
*If it is fail, the probability of going into bear channel or continuation of the trading range is equal!
*Do not enter until it is completely clear for you!
Wish everyone a great week!!!
If the selling pressure continues we are going to touch 200$ Support.
Otherwise our first station is 218$ and then we will see 238$ due to SOL falling channel.
RSI 1H,4H: ok
RSI daily: Divergence
MACD 1H,4H: Bullish
MACD daily: Bearish
