-Harmonic pattern formed.
-Bearish Candle daily close inside the bullish candle (Bearish Inside Bar/Bearish Harami)
-Price reversal zone at green resistance zone.
Weather its stock buybacks, positive earnings, falling interest rates or an agreed hidden policy to buffer the US markets from trade war effects, the S&P ain't going nowhere but UP from here. Heading for more than a year of a sideways movement (since Oct18) demonstrates the collective the iron fist of action that is now taking place to ensure the inevitable rise...
Hello, Traders!
Monfex is at your service and today we overview Bitcoin Dominance.
Bitcoin's dominance has grown slightly over the past couple of days by bullish div on RSI, but we see that Altcoins on its support levels and on the domination chart BTC has come close to the resistance:
the resistance line of the descending channel
MA100
the ex-support...
This is key for anyone trading USD pairs today as we can expect a reversal. However, checking Forex Factory - there are some important news coming out on USD around 1:30pm GMT
hey traders,
after a very strong selloff SPY has retraced and currently, the market is approaching a key level of resistance on daily.
On 1H chart the market is consolidating and coiling within a narrow trading range.
If bears break below the range, for us it will be a perfect signal of a bearish continuation and...
Stock Indices use a portfolio of representative companies (usually spanning major industries) to reflect the status of the whole stock market. There are basically three kinds: global, regional and national. Global indices include companies regardless of where they are traded. Regional indices include companies from a certain region and national indices include companies from a specific nation. Stock Indices are used to get an indication of the market's overall direction. Some analysts use them as a barometer of the underlying economy.
Indices can be comprised of tens to hundreds of stocks and each index calculates the weighted average differently. Some weigh the stocks equally (equal weighting), others take company size into account (capitalization weighting) and others use a hybrid method (modified capitalization weighting). Stock Indices are tradable entities themselves. A currency index is a measure of the value of a specific currency relative to other select currencies. Indices like the US Dollar Index or the Euro Currency Index are used to gauge the strength of those respective currencies.
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