Discussion Forum for trading analysis, help, signals and learning how to trade. Chat with other traders , post analysis, trades and ask questions. This is the public part of my website. For more in-depth discussions please consider joining to chat with other members

ForumTrading Forum with market discussion and live trades: Market DiscussionNFP Friday as the bears charge | …

Please or Register to create posts and topics.

NFP Friday as the bears charge | 7850 7809 support | 7930 7970 resistance

#1 · 5th April 2024, 9:02 am

Technical analysis for FTSE 100 for 5th April 2024

Well that all got a bit bearish after hours as the USA talked it down, and conveniently ahead of the NFP data today - drive it down to get a better buy price? For today we have the main support at the 7850 level and a hold of this may well see a climb towards the first main resistance level at 7930. We have a cluster of resistance indicators here, namely the pivot, the 30m 200ema and coral.

We may well see a short squeeze/dead cat bounce today for a test of this, and if so the bears may well appear here again. This is also the Hull MA resistance on the 2h chart now.

READ MORE