Fed decision: Interest rates and economic forecast to be announced tomorrow.

Summary：The Federal Reserve Decision: The Federal Reserve's rate decision and economic forecasts will be announced tomorrow. Rates are likely to remain unchanged, so pay attention to Chairman Powell's speech for any clues!

🔍Technical Analysis Highlights:

• Stochastic Oscillator: The daily chart shows bearish sentiment, while the 1-hour chart indicates an overbought condition.

• Support Price: Key support level at 65540.64; if breached, be aware of potential rapid declines.

• Elliott Wave Theory: The 1-hour chart shows a rebound potential to 68376.11.

📍 Pivot Points:

• Pivot Price: 68240

• Bullish Scenario: Above 68240, targets are 69370 and 70050

• Bearish Scenario: Below 68240, targets are 65970 and 65300

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Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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Written byWilson

Created date:2024-06-12 07:59

Last Updated:2024-06-12 08:47

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