While everyone in the social media is talking about another market crash in 2021, and the inverted yield. DJI is showing signs of weakness and volatility which can continue for some time.
Scenario 1 - downtrend:
DJI broke below the 100 moving average, it has also broken the daily support trendline. This indicates either a downtrend momentum is happening or a...
It looks like a good entry with risk/reward ratio for short term swing.
The Euro has rallied long enough and is going into a daily consolidation. Looking at the basic technical analysis tools displayed on the chart here, there is a potential for the EURUSD to touch the previous resistance level, and retrace to natural Fibonacci level 0.38, before rallying up...
Giving the fact that CHF has performed strongly throughout the year, NZD weakness indicates a long term sell opportunity. Please trade with proper risk management.
