We're flat temporarily with #IBEX35 | 25 September 2020

 #ASK weekly

We're flat temporarily with #IBEX35

Technical observation

The value of the commodity on the chart above is trading with an increasing bearish momentum below a resistance zone 6143.4-6095.5, I expect this bearish movement to continue to the supportive line 5500.5 followed by a clear breakout below it with a big red candle for a  further decline in value. My advice, if you sold this commodity within the above mentioned zone after a bounce, remain short with your take profit at 5500.5 and stop loss at 6516.2. In case of a clear break below the line 5500.5 with a big red candle, wait for a pullback to it and a rejection before you continue short towards 4718.4.

Trade recommendation

Remain short with your take profit at 5500.5.

#IBEX35 weekly
 We're flat temporarily with #IBEX35

Technical observation

#IBEX35 is trading with an increasing bearish momentum above a supportive line 6493.3. My expectation is either a correction to the resistance zone 7890.4-7739.1 followed by a rejection within it for bearish movement of price, or a decline to the line 6493.3 followed by a clear breakout below it with a big red candle for bearish rally. My advice, remain flat and wait for either a decline to the line 6493.3 and a break below it to sell #IBEX35, or a correction to the zone 7890.4-7739.1 and a bounce within it to sell this commodity with your take profit at the supportive line 6493.3 and stop loss at 8386.0.

Trade recommendation

Remain flat.

#SP500 weekly

We're flat temporarily with #IBEX35

Technical observation

The general trend for the commodity in the chart above is upwards. Currently the value of this commodity is trading with an increasing bearish bias and I expect a loss of it at the supportive level 3196.6. My advice, remain flat and wait for a correction to the line 3196.6 and a rejection at it to buy this commodity with your take profit at 3585.4. In case there is a clear breakout below the line 3196.6 with a big red candle, wait for a correction to the just broken line and a rejection at it to confirm bearish movements of this commodity before you pick short positions towards the supportive line 2772.3.

Trade recommendation

Remain neutral.

 

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:

Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.