Sell #ASX within 6900.3-6825.7 | 01 Tháng bảy 2022

#FTSE weekly

 Sell #ASX within 6900.3-6825.7

Technical observation

On the weekly chart above #FTSE rose with a green candle and as long as it is sustained above the same zone, I expect a further surge to the resistance level 7813.1 followed by either a clear breakout above it with a big green candle, or a bounce at it followed by another correction to the supportive zone 6951.1-6897.0. If you are currently holding bullish positions with the commodity above, remain in the trade with your take profit at 7813.1 and stop-loss at 6487.1. In case of a break above the level I expect a correction to it and a bounce followed by a further momentum to the upper side. I can only recommend short positions below the zone 6951.1-6897.0.

Trade recommendation

 

Remain long with your take profit at 7813.1.

#SP500 weekly

Sell #ASX within 6900.3-6825.7

Technical observation

Last week the value of the commodity on the chart above rose with a big green candle to the resistance zone 3950.7-3900.2 but could not break above it and as long as it remains below the same zone I expect a momentum to the lower side. This week i anticipate possible bearish movements of #SP500 and I would advise that you pick short positions within the zone mentioned above with your take profit at the level 2743.5 and stop-loss at 4202.6. Should there be a clear penetration below 2743.5 with a big red candle, wait for a correction to it before you continue short towards the lower supportive level marked at 1734.2.

Trade recommendation

Sell #SP500 within 3950.7-3900.2 with your take profit at 2743.5.

#ASX weekly

Sell #ASX within 6900.3-6825.7

Technical observation

#ASX is trading with an increasing bullish bias below the resistance zone 6900.3-6825.7, this upwards movement is a correction to the zone mentioned above and I expect a rejection of it within the same zone to pick short positions with my take profit at 5769.0 and stop-loss at 7267.0. Should there be a clear break below the level 5769.0, wait for a correction and a rejection at it before you continue short towards the lower supportive level 4507.3. On the other hand if #ASX is not sustained below the zone 6900.3-6825.7 but clearly breaks above it, I expect a possible surge to the upper side after a correction to the broken zone.

Trade recommendation

Pick short positions within 6900.3-6825.7 with your take profit at 5769.0.

Imelda Maseno
Analyst of «FreshForex» company
Đồng ý với đánh giá?
Ý kiến ​​của thương nhân:

Close
Đăng nhập
Trình duyệt của bạn không hỗ trợ cookie Nếu cookie đã bị vô hiệu trong trình duyệt Internet của bạn, bạn có thể gặp vấn đề với việc hiển thị Khu vực cá nhân. Cách bật hỗ trợ cookie .