Trading news

S&P 500 – market prognosis for calendar week 33/2015

Weekly chart:

In this trend size, the price cannot really decide which direction it should take. The buyers and sellers are alternating in their predominance almost weekly. As long as no clear direction is present, the sideline would be preferable. Generally, however, we are still within an intact uptrend.

Chart1

Daily chart:

The index in this trend size continues to be trendless. Although the downtrend was broken, the new uptrend was not yet able to establish itself. For this, a closing price above the current point two at 2125 points would be needed. Currently, the price cannot overcome the two 20 LPs from the day and the week either. As long as enough sellers are in the order book here, this should remain pretty difficult. This means that the possibility of a further falling price must be taken into account.

Chart2

Hourly chart:

Due to the breakthrough from Thursday, the S&P transitioned back into a downtrend. Here, the market is currently in a correction, which went precisely to the 20 LP. Currently, the chances are more on the lower side. The non-farm payrolls that appeared today could certainly also contribute to the decision-making.

Chart3

I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

All the best

Markus Gabel

Head of Sales/Trading

AgenaTrader/TradeEscort

AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Friday, 07 Aug, 2015 / 11:04

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

Dollar Rebounds On G20 Summit And Falling Yields

The US dollar was seen posting some moderate gains on Tuesday. This marks the [...]

Posted on Wednesday, 26 Jun, 2019 / 10:01 under

Bullard rains on the USD bears’ parade

The St. Louis Fed’s Bullard rained on the USD bears’ parade by [...]

Posted on Wednesday, 26 Jun, 2019 / 8:47 under

Powell Wakes USD-Bulls Up, RBNZ Signals Need for Lower Rates

The dollar rebounded yesterday after Fed Chair Jerome Powell said that [...]

Posted on Wednesday, 26 Jun, 2019 / 7:35 under