Equity markets sold off on Tuesday giving up the gains from the start of the week. The UK benchmark FTSE 100 index now in negative territory and the S&P 500 weekly candle forming a bearish reversal gravestone Doji pattern.
Currencies and Bitcoin lacked real conviction but crude fell away from the crucial $40 mark after geopolitical tensions involving Azerbaijan eased.
S&P 500 – Weekly candles – Gravestone Doji
Instrument | Hourly | Daily | |
GBP/USD | 1.2822 | STRONG SELL | NEUTRAL |
EUR/USD | 1.1727 | SELL | NEUTRAL |
FTSE 100 | 5,855 | SELL | STRONG SELL |
S&P 500 | 3,304 | NEUTRAL | NEUTRAL |
Gold | 1,885 | STRONG SELL | STRONG SELL |
Silver | 23.72 | STRONG SELL | SELL |
Crude Oil WTI | 4038 | STRONG SELL | SELL |
Bitcoin | 10,673 | STRONG SELL | BUY |
Forextraders' Broker of the Month
ForexTime (FXTM) is an award-winning platform that certainly has the feeling of being set up by people who know what they are doing. The firm demonstrates an understanding of what helps traders make better returns, and its success can be measured by the fact that it's doubled the number of clients it supports in recent years. The fact that the broker has grown to have more than two million accounts suggests it is getting things right for clients.