FreshForex - Analytics


    623.75 7.75/10
    65% of positive reviews

    Weekly review: S&P500, Brent, Gold


    Monthly chart: the index “bounced” from the bottom Bollinger band but it barely changes the full tendency for the reverse down.

    Weekly chart: strong resistance in the zone of the middle Bollinger band (2004.1), we wait for the bounce down.



    Daily chart: we note the resistance zone 2004.1-2045.2 formed by the upper Bollinger band.


    Expectations: growth to the zone 2004.1-2045.2 and a bounce then.



    Trading solutions:

    1) Buys to 2004.1-2045.2

    2) Wait with sales from 2045.2




    Monthly chart: bulls conducted a significant correction in the end of January but the month’s closure is not considered to be successful for them.


    Weekly chart: probable correction target is the middle Bollinger band (43.39).


    Daily chart: more localized resistance 38.50.




    The main scenario: growth to 38.50 and a new decline to 32.73 then.


    Alternative scenario: more significant correction to 42.38


    Trading solutions:


    1) Buys to 38.50 (and search for new signals down then)


    2) Buys to 42.38



    Monthly chart: a technical correction to the middle Bollinger band is continued (1186.35).


    Weekly chart: we confirm the target to 1186.35.


    Daily chart: there may be a resistance in the upper Bollinger band (1128.71) as the ADX didn’t reach the trend zone.




    The main scenario: bounce down from 1128.71 in the direction to 1106.72


    Alternative scenario: breakthrough under 1128.71 and the target to 1186.35


    Trading solutions: buys from the zone 1106.72 (after the pullback down) with the middle-term target 1186.35

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