Is it technical analysis or fundamental analysis that is driving the …

Byanitah came-out-much, dollar, dollar-symbol, formation-or-break, sterling, stitutions-as-well, svilen-milev, symbol, the-markets, under-the-weight, whether-the-markets Comments Off

Today the markets continued to strain under the weight of the Dollar with traded levels a far cry from previous trading sessions highs.

Many analysts have pointed out that there has been a downward trend channel in the Euro as well as the Sterling against the Dollar.

This is where traders are now left to decide whether the markets will continue within this chart formation or break out to the upside against the Dollar will occur as the Euro and Sterling on paper is looking much better than they have in a long time.

It is of note that many institutions as well as economists are reporting that markets are retuning to levels not seen for many years and so fundamental and technical traders are looking to the long term prices of many currencies.

A pivotal mover for the Dollar which has found it great support is the fact that US durable goods came out much better than expected although this was still in negative territory.

View original article:

Is it technical analysis or fundamental analysis that is driving the …

See which stocks are being affected by Social Media

Author

anitah