US500, Daily
In the Daily timeframe, US500 has formed an ascending channel pattern. The price reached the upper trend line and bounced, with MFI diverging and CCI coming out of overbought.
- US500 sell could be considered on a fall below 5970 with a target to 5800 to the lower trendline;
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: Egor Schmidt
