#Markets a head! |#InvertedH&S
Markets a head
Dow closed 540 points higher on Friday boosted by a sharp rebound in regional banks and solid jobs report. On the data front, the US nonfarm payrolls and wage growth accelerated more than expected in April indicating that the US economy remains strong despite FED rate-hike cycle.
Week a head
Inflation figures are scheduled to be released in China, Mexico, Brazil, India, and Russia
Q1 GDP growth data will be released in UK, and investors will be closely monitoring the Bank of England's interest rate decision
Technically, markets are strong above the Inv H&S neckline levels which are 18030/17952. which will likely to be buy on dips position
on the upper side critical resistance zone will be 18275/18400
Momentum Oscillators
RSI: 43.118 Signaling sell while RSI Stoch signaling overbought
Trend Oscillators
ADX 22.5 signals sell
Volatility
ATR 52.4 suggest higher volatility
Dow closed 540 points higher on Friday boosted by a sharp rebound in regional banks and solid jobs report. On the data front, the US nonfarm payrolls and wage growth accelerated more than expected in April indicating that the US economy remains strong despite FED rate-hike cycle.
Week a head
Inflation figures are scheduled to be released in China, Mexico, Brazil, India, and Russia
Q1 GDP growth data will be released in UK, and investors will be closely monitoring the Bank of England's interest rate decision
Technically, markets are strong above the Inv H&S neckline levels which are 18030/17952. which will likely to be buy on dips position
on the upper side critical resistance zone will be 18275/18400
Momentum Oscillators
RSI: 43.118 Signaling sell while RSI Stoch signaling overbought
Trend Oscillators
ADX 22.5 signals sell
Volatility
ATR 52.4 suggest higher volatility
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