Tags: Dollar, 200 day moving average, Forex,BOE, Canada
Despite that fact Goldman Sachs helped to support the intraday session, leading the banking sector higher. The financial sector was the gainer of the day, closing the session higher by 1.26%. The loser of the day was health care, dropping by 1.26%.
Read the full articleat dodjit.com
Despite that fact Goldman Sachs helped to support the intraday session, leading the banking sector higher. The financial sector was the gainer of the day, closing the session higher by 1.26%. The loser of the day was health care, dropping by 1.26%.
To date the S&P500 is trading on its 200 day moving average around critical support. Even though Wednesday’s session presented increasing high selling volume and the daily candlestick formed a doji, showing the uncertainty in the markets, yesterday’s session failed to present any follow through. On one hand the 200 day moving average and the 880 support level could support the current price. On the other hand a bullish candle is required, for the index to hold above current levels. In similar scenarios, the markets tend to give way, if no buyers come into the market, driving the price higher.
Read the full articleat dodjit.com
