country flagالعربية
0
0

JP Morgan Daily Technical Analysis | 2 November 2017

2017-11-02 08:55 am | Resource: Technical Analysis Section | No Views : 258

Our bearish view of JPMorgan shares, as the stock broke the minor bullish trend line during yesterday's trading, but did not confirm the bearish trend so far, and the moving average and slow moving average are approaching some, which increases the probability of a negative cross soon and confirms our neutral view Currently.

JP Morgan Daily Technical Daily | 2 November

MACD is cross and the histogram is trading below zero, indicating negative bulls.
It is expected that if the American stock breaks the 100.85 level it might target the 97.66 level on the other side, if breaching 100.85 might target the 103.91 level.
Support: 96.97 - 93.44 - 88.85
Resistance: 100.85 - 103.91 - 105
Trend: neutral


Other news

European stock indexes start mixed as central bank updates

Investors were digesting on Thursday the accompanying signals from the US Federal Reserve, which yesterday cut interest rates, and the subsequent hint from the Bank of Japan that it could boost stimulus next month after a policy review. European stock indexes have only slightly changed ahead of scheduled speeches by Benoit Coeur and Sabine Lottenschleeger from the European Central Bank and last month's UK retail sector statistical report. Central banks…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.