Daily outlook
The continued downward market structure has put pressure on the 0.7620 support level.
with a higher time frame close of a 4-hour candle below our support line may provide added confirmation to enter a sell to previously reasonable demand zones.
If market price is able to pull back into our trend, we may look to go long and continue a push back towards previous highs.
No major catalysts in fundamental data for the day, allow us to look at technical information strongly.
Tradeable assets: Currencies, CFDs, stocks, indices, ETFs, Crypto
Pepperstone was founded in 2010 by a team of experienced traders who shared a commitment to improve the world of online trading. Expanding our global outreach has been an important focus. We’ve grown rapidly in this short time and are now one of the largest MetaTrader brokers in the world.
Today Pepperstone is a multi regulated firm. With offices in Cyprus, London, Düsseldorf, Melbourne, Dubai, Nassau and Kenya. Pepperstone delivers the best quality pricing, products, speed and service to traders all over the world.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Commenti