Reply to thread

Message: [QUOTE="Resolve, post: 227147, member: 29339"] [B][SIZE=5]S&P 500 Analysis: Why Santa May Have Problems Rallying[/SIZE][/B] [img]https://i.imgur.com/Yd9xF7t.jpg[/img] It is traditionally believed that the Santa Rally occurs at the end of December and the first days of January, but according to many opinions it is acceptable to think that it begins much earlier. At the beginning of December, the values of the S&P 500 index came close to the highs of the year in the area of 4,611, but have declined to date, forming a number of bearish signs: → the candle on November 29 has a long upper shadow — a sign of seller activity; → the same can be said about yesterday’s candle; → candles on December 1-4 form a bearish engulfing pattern; → all of the listed candles form a head-and-shoulders pattern (shown by the letters SHS). That is, the chart indicates activation of sellers near the yearly high — and this is a problem that can affect the so-called Santa Claus rally (the active channel, shown in blue, actualizes the theme associated with the rally). [img]https://i.imgur.com/1u8PR5A.jpg[/img] [B]VIEW FULL ANALYSIS VISIT - FXOpen Blog...[/B] [I][B]Disclaimer:[/B] This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.[/I] [automerge]1701981049[/automerge] [B][SIZE=5]AUD/JPY Analysis: Rate Falls to Important Support[/SIZE][/B] [img]https://i.imgur.com/nBW16wi.jpg[/img] This morning, the AUD/JPY rate dropped below 95.2 yen per Australian dollar for the first time since late October. The weakening of the AUD was contributed by: → negative news regarding the Chinese economy. The Hang Seng Index set its 2023 low yesterday; → Australian GDP data published yesterday, which is growing at a weaker-than-expected pace. And the strengthening of the yen occurs against the backdrop of expectations of an increase in interest rates in Japan, which intensified according to the statement of the head of the Bank of Japan. Kazuo Ueda said yesterday the central bank has several options for targeting interest rates once it gets short-term borrowing costs out of negative territory. [img]https://i.imgur.com/D8eI4uU.jpg[/img] [B]VIEW FULL ANALYSIS VISIT - FXOpen Blog...[/B] [I][B]Disclaimer:[/B] This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.[/I] [/QUOTE]

Verification

Top Bottom