empty
in
सहायता
तुरंत खाता खोलना
ट्रेडिंग प्लेटफॉर्म
जमा/ निकासी

10.12.202405:07 विदेशी मुद्रा विश्लेषण और समीक्षा: The U.S. Stock Market Ends the "Trump Rally"

On the monthly chart, the price has reached the Fibonacci channel line (marked with a bold green line from the low to the high).

Exchange Rates 10.12.2024 analysis

The Fibonacci grid accurately describes this upward movement, beginning in March 2009, as its levels—23.6%, 38.2%, 50.0%, 61.8%, and even 76.4%—align precisely with the extremes and support levels over the past 15 years. The Marlin oscillator indicates an intention to reverse from the overbought zone.

Exchange Rates 10.12.2024 analysis

On the weekly chart, the price reverses from the upper boundary of a rising (reversal) wedge. A divergence has formed between the price and the Marlin oscillator. A deep correction is possible, bringing the index to the 23.6% Fibonacci level at 4817.13, which aligns with the January 2022 peak. Such a decline would correspond to a 20.95% drop from the record high.

Exchange Rates 10.12.2024 analysis

On the daily chart, a divergence is also ready to play out. The first target for the decline is the MACD line near 5956.58, corresponding to the November 26 low. The second target is 5709.00, aligned with the nearest embedded line of the green diagonal price channel. This level is close to the support area from November 1–4.

Exchange Rates 10.12.2024 analysis

On the four-hour chart, the price has consolidated below the MACD line. A double divergence has formed between the price and the Marlin oscillator, with the oscillator moving into the downward zone. The current situation is definitively bearish. The market's next critical test will be the upcoming Federal Reserve meeting.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaSpot anyway.

We are sorry for any inconvenience caused by this message.