The German DAX Index initially rallied on Monday to show signs of strength but ran into a bit of a technical barrier in the form of the 50-day EMA. stocksmarket
Keep in mind that this market had recently formed a bit of a “V bottom” but may be getting a bit ahead of itself. By doing so, it looked as if we were going to try to wipe out the massive move lower. However, we have clearly not done so, and now it looks as if we are hesitating at a potentially important technical barrier.It is also worth noting that the area had been resistance previously, so it is likely that we will see quite a bit of noise in this area as we have been chopping around.
Keep in mind that there are a lot of global concerns right now when it comes to trade and energy supply. As long as that is going to be an issue, it is very likely that we will continue to see noisy behavior that shows confusion. Ultimately, I think we are more likely than not to pull back, just because there is not much in the way of the bullish sentiment longer term. Furthermore,
the market is likely to see a lot of headline risks out there, and I just don’t see this being changed any time soon. The markets will continue to see a lot of concerns, especially with the war in Ukraine sitting right at the doorstep of Europe. The markets will continue to be somewhat skittish, but the 50-day EMA seems to be trying to hold back the buying pressure. The market breaking above the 50-day EMA is a bullish sign, and that could be a sign that we are going to the 200-day EMA. The market would more than likely follow a lot of other markets around the world, so pay attention to them also.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Crypto Fear and Greed Index Hits 'Greed' for the First Time in 4 Months – Bitcoin NewsOn March 28, the Crypto Fear and Greed Index has jumped back to the “greed” position for the first time in four months.
Weiterlesen »
Crypto Fear and Greed Index Sees Record-Breaking SpikeICYMI: the 'Fear and Greed' index for cryptocurrencies demonstrates that traders are getting greedy crypto Bitcoin $BTC
Weiterlesen »
Gold Price Eyes Yearly High with US PCE Price Index on TapData prints coming out of the US may fuel the recent advance in the price of gold as the Fed’s preferred gauge for inflation is expected to increase for the sixth consecutive month. Get your weekly gold forecast from DavidJSong here:
Weiterlesen »
BTC/USD Forecast: Bitcoin Breaks Out of Major ConsolidationBitcoin broke above the crucial 200-day EMA, and perhaps more importantly, the $45,000 level.
Weiterlesen »
FDA expected to OK 4th COVID-19 vaccine dose for adults over 50, UW doctor weighs inThe FDA is expected to give its authorization for a fourth COVID-19 vaccine dose for Americans 50 and older as early as Tuesday.
Weiterlesen »
Americans over 50 could soon have option of getting 2nd COVID booster shotThe Biden administration is expected to give Americans over 50 the option to get a second COVID-19 booster shot, according to reports.
Weiterlesen »