country flagالعربية

Barclays Daily Technical Analysis | 11 December 2017

2017-12-11 10:16 am | Resource: Technical Analysis Section | No Views : 592

Barclays broke through the bearish trend line during morning trading last Friday and currently faces a resistance level 198.19 Euro which fails to penetrate

 Barclays Daily Technical Analysis | 11 December 2017

So far, the pair is still trading in a bullish direction over the hourly interval and the SMA is positively intersecting with the slow moving average and the intersection was confirmed by breaching the 195.53 level.
The rate of change 12, as is the case with no change, is still trading in an upward trend under formation and above zero due to the bull's control of the bank stock.
It is expected that if the breach of 198.19 is stabilized, it may target the level of 203.91 on the other side in case, a break of 193.46 might target 183.78.
Support: 193.46- 187.16- 175.58
Resistance: 198.19 - 203.91 - 205
Trend: Up

Other news

Stock trading in Asia is mixed and Bank of Japan maintains its policy

Investors took stock indices in different directions on Thursday in the Asia-Pacific stock trading session as sentiment deteriorated somewhat towards the closing bell. The Federal Reserve helped risk appetite, as yesterday it cut interest rates but also revealed a split over what comes next. Bank of Japan leaves policy unchanged, calls for revision in October as risks rise The Bank of Japan also issued a regular update and left current…

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 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.