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11.12.201907:26 Forex Analysis & Reviews: NASDAQ before the Fed

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Good morning all,

The Nasdaq is trading now at 8359, a rough 1% away from ATH, we can anticipate kind of a traingle being formed during last 8 sessions.

Exchange Rates 11.12.2019 analysis

There's a curiosity, MM8 is crossing to the downside MM21 (bearish signal) but the price is above them all: I was not able to find another similar situation in past 2 years after a mid term rally.

The results of the Fed's meeting may spark volatility later in the day, watch out the price range 8320 / 8385. Be careful with false breaks and next targets would be 8270 to the downside, 8410 to the upside.

Stay safe

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% of retail investor accounts lose money when trading CFDs with this provider. 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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