June 4th was the beginning of a steep bull trend after the US markets correction of 10% downside. The main reason is the willingness of the Federal reserve bank to lower their interest rate. Last trading week can be summarized by a consolidation between levels 7600.00 and 7425.00, eventually announcing a strong volatility next week. Since we are in a bull run, odds of a continuation remain medium/high.
Possible targets : @7600.00 (+1000pips or 100points) and @7860 (+3500pips or 350points).
Advice : Stay bullish and buy at any low point while we don't break the 7425.00 bottom level.
Correlated pairs : US500 (96.2%),US30 (94.2%),CHFSGS (-86.5%).
We are more likely to experience a resumption of the bull spike as it will be for the other US market securities and confirmed by the clue that CHFSGS has shown to have tested a resistance zone and begun a bear run.
Possible targets : @7600.00 (+1000pips or 100points) and @7860 (+3500pips or 350points).
Advice : Stay bullish and buy at any low point while we don't break the 7425.00 bottom level.
Correlated pairs : US500 (96.2%),US30 (94.2%),CHFSGS (-86.5%).
We are more likely to experience a resumption of the bull spike as it will be for the other US market securities and confirmed by the clue that CHFSGS has shown to have tested a resistance zone and begun a bear run.
Dagangan ditutup: sasaran tercapai
All the targets where reached. US market settled on the resistance zone. Odds of a reversal are high, however buyers are still present.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.