Technical Analysis: New All-Time Highs and NFP Implications
Today's Outlook: The price has recently surged past previous high levels, trending towards a new all-time high around 20410. A retest of this level might occur, potentially driving the price down to 20100. However, today's Non-Farm Payroll (NFP) announcement is expected to significantly impact market movements.
Bearish Scenario: For a bearish trend to be confirmed, the price must break below 20100 and stabilize with a 4-hour candle close beneath this level. This could lead to further declines towards 19845 and potentially 19625.
Bullish Scenario: As long as the price remains above 20100, the bullish trend is likely to continue, targeting 20410 and 20540. There is also a possibility of a retest down to 20100 before resuming the upward movement.
Key Levels:
Pivot Line: 20220
Resistance Levels: 20400, 20540, 20750
Support Levels: 20100, 19960, 19625
Today's Expected Range: The price is expected to fluctuate between the support at 19625 and the resistance at 20540.
If the NFP release is less than 191K, the indices are likely to follow a bullish scenario. Conversely, a result exceeding 191K, particularly around 250K, would likely lead to a bearish scenario.
In summary, today's market direction will be heavily influenced by the NFP results and the key price levels outlined. Monitoring these factors will be crucial for navigating the day's trading volatility.
Bình luận
The price reached our targets perfectly and still running
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.