stock markets analysis
A combination of several assets shows that a significant price line has been reached – which means that now the risk is rising
If we look at the currency, for example, we can see a number of interesting things – a low dollar gives fuel and pushes the market up
So I add them to the review
I’m not going to talk much this time about these or other motives, and the economic environment – there are enough places to read – I will focus on the technical
The Nasdaq Index – to see and rub the eyes
Are valuations and stock price levels really supported by future expectations equal to current price values – a bull trap pattern?
Failure near these current highs, in my opinion, may lead to the realization of prices down in the market, which I am talking about the next levels
Nasdaq to area 11300-11600 points -when support there, give the signal for an ascent to new highs to areas of 13700-15200 points – see the case in 1999-2000 the ascent angle and graph structure are reminiscent of the landscape ……
On the other hand, a break of approximately 10600 points signaled an entry into a more significant downward move
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Technical review of two currency pairs
GBP USD ANALYSIS
Pound against the dollar – I talked about it a few weeks ago – we are within walking distance of a significant target,
Crossing this level will give us a push forward to areas of approximately 1.45 7% of the critical level,
Alternatively failure there, and there is a recipe for back down or correction: an examination of the level of correction in the area 1.2950 and from there the peak attack and ascent towards 1.45
Or breaking the 1.2950 area and going down
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EUR USD ANALYSIS
Euro against the dollar – here too we are a walking distance from a critical area 1.2030-1.2050
Crossing this level will give us a push forward to areas of 1.2650 approximately 5% of the critical level,
Alternatively a failure there, and there is a recipe for downhill or correction: an examination of the level of correction in the range 1.1670-1.1760 and from there the peak attack and ascent towards 1.2650
Or breaking the range of 1.1670-1.1760 and down
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This review does not include any document and/or file attached to it as an advice or recommendation to buy/sell securities and/or other advice
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