Sentences with phrase «back in downtrend»

Not exact matches

Fuel prices have been in a downtrend since June, losing nearly 50 percent of their value, on the back of a price war waged by OPEC (the Organization of Petroleum Exporting Countries) against the U.S. shale producers and as demand from China decreased amid slowing growth.

While this week's price action was certainly a step in the right direction (so far), both the NASDAQ and Russell 2000 are now in «no man's land» because the indexes are back above resistance of their 20 and 50 - day averages, yet still must contend with resistance of their prior highs and short - term downtrend lines that have formed.

After $ GDXJ pops back above its 20 - day EMA (above the $ 27.60 area), buyers should step in due to break of key moving average resistance, as well as a break of the downtrend line from the January high.

While the recent growth is indeed a positive indicator - but the currency is still at a risk because even a slight downtrend can set things into a reverse motion and the price can fall back to where it was before the uptrend began - resulting in a $ 102 - $ 98 target on the lower end.

It broke out above the downtrend line in mid-February and has since pulled back, in a relatively controlled low volatility manner, to test the line as support during the most recent pullback, low of $ 137.12.

In recent commentaries we've discussed the downtrend in the GBPUSD and that we were looking to sell from retraces back to resistancIn recent commentaries we've discussed the downtrend in the GBPUSD and that we were looking to sell from retraces back to resistancin the GBPUSD and that we were looking to sell from retraces back to resistance.

The stock is in a downtrend, has just made a new low and rallies back to a descending trendline.

In the worst case scenario LBC / USD could get back to $ 0.15 form a double bottom, but it doesn't seem like the downtrend is valid, and chanced of growth are much higher than the downtrend continuation.

Looking back in history, the markets have had much more growth periods than downtrends (about 7 to 1) so investing today is statistically better than holding on to your cash.

As July ends and we move into the dog days of August look for Gold to continue the bounce in the downtrend while Crude Oil consolidates or pulls back in the uptrend.

SELL: In downtrends: Wait for the Ultimate Oscillator to turn back below 70 -LSB-...]

Traders can watch the 1 hour and 4 hour charts along with the daily, for price action sell signals on any rotation back up to resistance / value, in order to trade in - line with the downtrend in this market.

Therefore, we were looking for price action sell signals on retraces back to value / resistance in order to trade in - line with the downtrend.