S&P500: Carefully Thinking Ahead
Good day,
The price of the US stock index S&P500 is falling, yet the asset’s price might still pull from the local broken downtrend or the upper side of triangle. All in all, it would be wise to wait and see what the asset is about to do next to the broken downtrend.
The Canadian dollar can potentially pull from the psychological level of 1.3000 although it can also head further and test the level of 1.2950.
The USD/RUB pair did not manage to break the level of 76.00 just yet. Therefore, the asset is expected to jump soon and break the uptrend.
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Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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