Over 60% chance for a downside movement

1월 29일

This is a multi cnfluences analysis. All information are listed below.

H1
ChoCh that indicates a potential downside movement
21% chance for a new BOS by the upside on 90 minutes time frame.
66% chance for a new BOS by the downside

M30
Supply zone where the price can potentialy reverse for downside direction

M15
ChoCh that potentially validates H1 ChoCh
69% chance for a BOS by the downside

Fundamental for this week

Federal Funds Rate
According to the Fed's Rate Monitor there is 96.9% chance that the Fed will keep its interest rate at 5.50%

Non-Farm Payrolls
177k forecast - 216k Previous
The NFP could probably be negative for the Dollar