Inflation Report Set to Drive Market; Key Levels for both side
Technical Analysis:
Today’s inflation report is anticipated to drive significant market movements, particularly following unanimous agreement among Fed members to cut rates by 50 basis points.
A CPI release exceeding 2.3% is expected to support a bearish trend towards 5,732. Conversely, a CPI below 2.3% would likely drive a bullish trend, targeting 5,863.
Additionally, stability above 5,784 would reinforce a bullish outlook, while a close below this level on the 4-hour candle could prompt a decline toward 5,732.
Key Levels:
Pivot Point: 5784
Resistance Levels: 5820, 5863, 5891
Support Levels: 5759, 5732, 5708
Trend Outlook:
Bearish below 5784
Bullish above 5784
Today’s inflation report is anticipated to drive significant market movements, particularly following unanimous agreement among Fed members to cut rates by 50 basis points.
A CPI release exceeding 2.3% is expected to support a bearish trend towards 5,732. Conversely, a CPI below 2.3% would likely drive a bullish trend, targeting 5,863.
Additionally, stability above 5,784 would reinforce a bullish outlook, while a close below this level on the 4-hour candle could prompt a decline toward 5,732.
Key Levels:
Pivot Point: 5784
Resistance Levels: 5820, 5863, 5891
Support Levels: 5759, 5732, 5708
Trend Outlook:
Bearish below 5784
Bullish above 5784
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~6 analyses per day. With a clear entry point
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SM World and Economy News 24/7
Urgent News ⚡️:
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my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.