#LiveTrading
Are you ready for the US CPI release? It's time to trade!
Buckle up, the stream on YouTube starts in several minutes 🤘🤘🤘
Join here: https://youtu.be/fKoIT4EfPkY
Are you ready for the US CPI release? It's time to trade!
Buckle up, the stream on YouTube starts in several minutes 🤘🤘🤘
Join here: https://youtu.be/fKoIT4EfPkY
YouTube
Live: Trading USD on CPI release
Follow us in Telegram: https://t.me/fbsanalytics
Need trade ideas? Have a look: https://bit.ly/3kBgnnD
The live broadcast will start on YouTube at 15:00 MT on December 10. Stream plan:
- what is CPI and how to trade it;
- analysis of Forex, indices, metals…
Need trade ideas? Have a look: https://bit.ly/3kBgnnD
The live broadcast will start on YouTube at 15:00 MT on December 10. Stream plan:
- what is CPI and how to trade it;
- analysis of Forex, indices, metals…
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🇨🇦#CADCHF #CPI #Inflation
🔥CADCHF outlook ahead of the Canada CPI release!
The price is currently breaking through the resistance block around the 0.7350 level.
👆First scenario (most likely to happen): Lower-than-expected CPI numbers might boost the pair towards 0.7380.
If the actual CPI is lower than -0.3%, the pair might easily reach the second resistance block at around 0.7415.
✌️Second scenario (less likely to happen): Higher-than-expected CPI will most likely return the price to the 0.7300 support block. This support zone matches with the global ascending trendline on the W1 timeframe. That's why we highly doubt a breakout will happen. Therefore, in this case, we suggest looking for a buying opportunity around 0.7300.
General information: The price is moving in the descending channel on the daily timeframe. Moreover, on the weekly timeframe, the 0.7300 support zone locates right at the global support trendline. Overall, the price is currently forming a bottom. That's why opening BUY trades should be less risky.
When the price breaks through the third resistance block and closes above the descending trendline, the downtrend will be over.
🟩START TRADING🟩
🔥CADCHF outlook ahead of the Canada CPI release!
The price is currently breaking through the resistance block around the 0.7350 level.
👆First scenario (most likely to happen): Lower-than-expected CPI numbers might boost the pair towards 0.7380.
If the actual CPI is lower than -0.3%, the pair might easily reach the second resistance block at around 0.7415.
✌️Second scenario (less likely to happen): Higher-than-expected CPI will most likely return the price to the 0.7300 support block. This support zone matches with the global ascending trendline on the W1 timeframe. That's why we highly doubt a breakout will happen. Therefore, in this case, we suggest looking for a buying opportunity around 0.7300.
General information: The price is moving in the descending channel on the daily timeframe. Moreover, on the weekly timeframe, the 0.7300 support zone locates right at the global support trendline. Overall, the price is currently forming a bottom. That's why opening BUY trades should be less risky.
When the price breaks through the third resistance block and closes above the descending trendline, the downtrend will be over.
🟩START TRADING🟩
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