The first level is the black
upper trend line at 2752.50, which connects a series of higher highs this week.
The addition to the chart is
the upper trend line which is now acting as a resistance level.
Yesterday, for example, the PowerShares Nasdaq 100 ETF ($ QQQ), a popular ETF proxy for the Nasdaq 100 Index, rallied into resistance of
the upper trend line of its ascending trend channel, then sold off to close in the middle of its intraday range.
Like $ QQQ, the S&P 500 SPDR ($ SPY), an ETF that represents the benchmark S&P 500 Index, has also found resistance near
the upper trend line of its trend channel.
The next important resistance levels on SPY are the July 3rd swing high ($ 37.51) and
the upper trend line of the trend channel (see the red «up» arrow near $ 139.00).
Exports in March were at record high levels in volume terms, putting a cap on
the upper trend observed in previous months, said the spokesperson.
The upper trend line in green follows a series of lower highs going back to last Friday.
If the «Bull Flag Pattern» is spotted on the activity chart, it signals an uptrend continuation pattern, and we'll be looking to price to break above
the upper trend line.
Trading signals: Go long if price breaks and closes above
the upper trend line with target price: Upper Projection -LSB-...]
The first reason for this is that price has been battling with
the upper trend line in orange, currently at 2805.
The upper trend line is formed by connecting two highs (resistance line).
Buy order: The trend line forex robot will open a buy order when the price breaks above
the upper trend line.
Trading Signals BUY: Buy if the currency pair breaks and closes above
the upper trend line (resistance).
The Bitcoin Cash price is seen down over 2 % during trading on Friday, being held by the 100 MA seen on the 4 - hour view, containing the price from testing
the upper trend line of the bull flag pattern seen.
Looking technically at BTC / USD on the daily time frame, next level of support will come into play at
the upper trend line of the descending channel, tracking at $ 10,000, in proximity to the 50 DMA.
After this move, the price is now currently sitting on
the upper trend line of the initial bull flag pattern.
Looking technically, BTC / USD is sitting on
the upper trend line of the descending channel, which it has recently broken out of and closed above on a daily.
Resistance is currently tracking at
the upper trend line, seen around $ 220, with support now proving to hold at $ 200.
The price is approaching
the upper trend line of the channel pattern, which could knock this price back down.
Resistance is tracking at
the upper trend line of the descending channel, $ 66.
Technically, BCH / USD is exposed to further moves south, as there isn't much refuge, until
the upper trend line of the above - mentioned pattern is tested.
The price has been edging lower since touching
the upper trend line of the pattern.
Phrases with «upper trend»