Currently this pair displayed a reverse Head and shoulder pattern, a reversal structure with small pressure, the outlook is tempting buyers to place their orders with appropriate risk management, onlooking at the sentiments of the week retailers are 65% base on shorts position.
Furthermore, the Feds have provided insight on a proposed rate-cut during the month of September which will be implemented initially, then a next phase cut will follows integrally with reduced bps ratio. Additionally, both institutions and retailers orders will be affected by the rate-cut.
Finally, this week was a really slow week both in terms of momentum and news impact, let's hope next week will be more spicy in terms of volatility.
Furthermore, the Feds have provided insight on a proposed rate-cut during the month of September which will be implemented initially, then a next phase cut will follows integrally with reduced bps ratio. Additionally, both institutions and retailers orders will be affected by the rate-cut.
Finally, this week was a really slow week both in terms of momentum and news impact, let's hope next week will be more spicy in terms of volatility.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.