Weekly Forex Analysis Aug 29


Trading Room

August 29, 2022 | 5:31 pm | The 5%ers’ Blog > Trading Room

August 29, 2022 | 5:31 pm
The 5%ers’ Blog > Trading Room

US indices switched from a bearish to a neutral environment

The trading rooms are the opportunity to trade together with our traders!

The rooms are available for our traders four times a week.

In the trading rooms, we will all interact, scan and analyze the markets, trade, ask questions to each other, and share market visions and trading opportunities.

 

In today’s trading room, we analyzed the charts for the upcoming week. We start with the higher time frames and then check the lower time frames to look for intraday opportunities.

We also discussed the large movement in the Dollar last Friday due to the Jackson Hole event. The dollar strengthens again after this event.

However, the other basket currencies tend to fight at the beginning of the week.

We also talked about US indices after the sell-off of Friday. We probably switched from a bearish to a neutral environment.

 

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