Sentences with phrase «rally in a downtrend»
Not exact matches
Crude oil rallied 20 percent from its 52 - week low this week, but is technically overbought and in a downtrend.
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Although $ GLD is still in a downtrend, there are now 2 main technical signals and 1 other point that give me strong reason to believe gold is poised for a substantial, intermediate to long - term rally and / or bullish trend reversal...
The strong rally in Ethereum Classic is the move of the day so far, but all of the majors show signs of healing, although most if the coins remain in short - term downtrends.
Just as an increase in the premium did not signal a new major rally in gold, a decrease in this premium did signal a downtrend.
Despite the rally, the charts still suggest that there are more troubles ahead for bulls, with the short - term downtrend clearly being intact in the major indices.
USD / JPY: There was a rally on this currency trading instrument on Tuesday — which happened in the context of a downtrend.
Our signal to list $ PLNT as a potential setup in our stock trading newsletter came on November 7, as the price rallied above the short - term downtrend line (upper channel of the handle).
In early February, the iShares MSCI Emerging Market Index ETF (EEM) rallied above resistance of its long term downtrend line and 200 - day MA.
Therefore, if $ EEM can rally above the short - term downtrend line annotated on the chart above, and subsequently put in a «higher low,» we might be able to grab a low - risk buy entry point as early as next week.
The stock is in a downtrend, has just made a new low and rallies back to a descending trendline.
Although $ GLD is still in a downtrend (until it convincingly breaks out above the $ 128 to $ 130 level), there are now 3 great reasons to buy gold in anticipation of a substantial, intermediate to long - term rally and / or bullish trend reversal.
CAD / JPY was trading in a strong downtrend since the beginning on the year, but that decline turned to a minor rally in mid-March.
Altcoins have resumed their downtrend following a brief rally in the last two days.
Many in the investor community continue to believe that the sudden shooting up in the price of Bitcoin from $ 6,000 levels is only is only a «corrective rally» and there is a bigger downtrend to be followed soon after.