CADJPY 4H Supply & Demand Zones

14. Dez. 2022

The chart shows supply and zones in 4H time frame. It is necessary to review 1D and 1W to assure the zones strength and compression

14. Dez. 2022

Anmerkung

** Do not open any position before FED cash rates and FOMC press conference
** Be aware of market concentration on Recession Risks and sooner than expected
QE which implies that market will put much more weight on dovish statements
** So any "but" in Powell's speech will be regarded as dovish statement
Scenario 1 : downward break out with good consolidation = JPY Strength / USD
Weakness
- Dovish press conference focusing on Recession
- Terminal rates projections and dot plot
- OIL price
** You might miss the first chance due to the JPY dependency to US10Y so wait for
any possible pull-backs
Scenario 2 : upward break out with good consolidation = JPY Weakness / USD
Strength
- Hawkish press conference focusing on Inflation
- Terminal rates projections and dot plot
- Any drops in US02Y might make controlling inflation harder for FED
- FED doesn't want further drops in Real Yields
- Any news from higher demands for OIL including China easing the Zero-Covid
strategy lockdowns

15. Dez. 2022

Trade geschlossen: Ziel wurde erreicht