Talking Points
Weekly Chart Technical Analysis
Short Term formation before Non-Farm Payroll
Weekly Chart
Price was trading within an uptrend that began mid-year 2020 and may still be in place, however, the trend acceleration pace slowed once the FED began raising Interest Rates in early 2022, and price action continued sideways failing to make new highs since then. Price found resistance multiple times near the RED Resistance line identified on the above weekly chart near level 98.00
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05-01-2024 00:21 GMT
by Moheb Hanna