17 It’s Friday afternoon and stocks are فوركس كابيتال ماركيتس ليك the red as the recent record rally for the Dow appears to be on the verge of ending. Also, the dollar continues to post gains approaching the closing bell.
Our preference: short positions below 1. 0605 look for further upside with 1. Comment: The pair has validated a continuation bearish triangle. Our preference: long positions above 113. 00 look for further downside with 112. Comment: the RSI is mixed to bullish.
2465 look for further upside with 1. Comment: the RSI is bearish and calls for further decline. 70 look for further upside with 1239. Comment: the RSI is mixed with a bearish bias. The declining 20-period moving average crossed below the 50-period one and is playing a resistance role.