By ForexTime
Check out these potential profits that you may have missed from our Daily Market Analysis.
SPX500_m bulls deliver
Back on Monday, we covered the SPX500_m in our trade of the week. Prices were firmly bullish, especially after surging to record highs last Friday.
- TP hit: YES, the SPX500_m hit the 4900 level
- Why: Investor optimism for strong corporate earnings, rising tech stocks
- Technicals: Intraday breakout above 4870 fuelled upside
EURUSD hits resistance ahead of ECB
It has been a choppy week for the EURUSD as anticipation mounts ahead of the ECB meeting. Nevertheless, prices have hit some of our targets before this big event.
- TP hit: YES, the EURUSD hit 21-Day EMA and 50% Fib level
- Why: Mixed Eurozone data dampened ECB cut bets, weak US dollar
- Technicals: Prices in a range waiting for significant breakout
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XAGUSD eyes 4th target level
Silver bulls have been busy this morning, cutting through the bullish price targets like a hot knife through butter.
- TP hit: YES, 3 out of the 4 profit targets have been hit his morning.
- Why: A weaker dollar could be offering support to the precious metal
- Technicals: Prices are respecting an uptrend on the 15-minute timeframe
The above scenario (XAGUSD) is based on the FXTM Signals that are posted twice a day (before the London and New York sessions) for all FXTM clients to follow. This can found in the MyFXTM profile under Trading Services… FXTM Trading Signals.
Article by ForexTime
ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com
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