empty
 
 
vi
Hỗ trợ
Mở tài khoản ngay lập tức
Tải nền tảng giao dịch Metatrader
Khởi động WebTrader

17.11.202216:29 Forex Analysis & Reviews: Short-term SPX analysis for November 17th, 2022.

Exchange Rates 17.11.2022 analysis

Blue line- resistance

Green lines- Fibonacci retracements

SPX is in a short-term bullish trend from the low of 3490 as it continues making higher highs and higher lows. Price remains below the blue downward sloping resistance trend line. Price has so far retraced 61.8% of the decline from the August high of 4324. The 61.8% retracement is a level we usually see trend reversals. As long as price is trading below the blue trend line resistance, bears will have the upper hand. In this upward movement the RSI has not reached overbought levels. Price has not tested the blue trend line. Despite recent pull back from 4042 to 3900, there is still upside potential towards 4100. But this is not enough for a bullish position to be favored with the current market conditions. Support is at 3700. A break below this level will strengthen bears and provide us a new bearish signal. Taking a look at the longer time frame we see SPX still forming lower highs over the last 12 months. Will this trend continue? Staying below the blue trend line will help bears retain control of the trend.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.