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Russell 2000 Technical Analysis

On the daily chart below, we can see that the buyers struggled to break above the 50% Fibonacci retracement level and the market went into a range. As the price broke below the trendline the momentum started to switch in favour of the sellers and eventually they piled in aggressively once the First Republic Bank reported a 40% fall in deposits reigniting fears around the banking sector. The price is now near the strong support at 1731 and we may likely see a bounce from there without further neg... Read More

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Content Topics

Russell

2000

Technical

Analysis

Forex

Posted: Apr 27 2023, 09:36

Author Name: forexlive

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