Free Trial

Bearish Key Reversal Yesterday's........>

CABLE TECHS
CABLE TECHS: Bearish Key Reversal
Yesterday's bearish key reversal pattern suggests the descending channel is now
set to be extended. The focus will now be on the lower end of the channel, where
the trendline intervenes at the 1.2940 level. Intra-day momentum and trend
signals are also turning bearish, suggesting rebounds will likely be limited.
Holding below 1.3130 keeps the picture bearish.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.