michela_sm

michela_sm

EURCAD slumps and traders are closely watching the rebound key zone (red). The daily candle shows no end of the bloodbath. MAs doing a possible crossover!

michela_sm

The S&P500 broke below the 2,650.00 level and the 200 SMA suggesting bearish momentum in the near-term.A decline below the 2,620.00 support can lead to the 2,600.00 figure to the downsid

michela_sm

A possible uptrend is forming to reach the blue zone that will act as resistance. Keep track of this asset, after we reach the key zone marked, we will then be expecting a strong downtrend to new lows.