Ultima Markets: 【 Market Analysis 】A50Establishment of top form, waiting for short selling opportunities

todayUltimaMarkets Bringing you 2024year 4month 11Rich Time of the DayA50In depth analysis.

Fundamental points

• US inflation data: USA3monthCPIYear on year increase3.5%Set a new high in half a year, coreCPIHigher than expected for the third consecutive month, with an annual rate recorded3.8%Higher than expected3.7%. Market Bets on the Federal Reserve6The probability of monthly interest rate cuts is less than 20%, and the number of annual interest rate cuts is less than two.
• Minutes of the Federal Reserve Meeting: Almost all participants agreed that it was appropriate to cut interest rates this year, and they were prepared to slow down the reduction of treasury bond holdings "quite quickly", preferring to reduce the monthly rate of reduction by about half.
  

technical analysis

Daily chart analysis

(Rich Times)A50Daily chart of, sourceUltima Markets MT4）

• Random oscillation index: Indicator in50Above the median line, a bearish signal was issued again, while the exchange rate rose to form a divergence pattern. Implying the strength of the bulls is depleted, it is worth paying attention to short selling opportunities in the short term.
• Building top structureMarket price on dotted line200A curved top was formed above the cyclical moving average, and the shape of the top was established after completely falling below the support of the moving average yesterday. If you can't break the neckline today, it's worth paying attention to short selling opportunities.
  

1Hour chart analysis

(Rich Times)A50of1Hour chart, sourceUltima Markets MT4）

• Random oscillation indexAfter entering the oversold range, the indicator issued a bullish signal, and the market price experienced a short-term rebound trend. After the indicator deviates from the oversold area, attention is paid to the appearance of short selling signals.
• Bounce high point：A50After the overall trend formed a downward channel line, it accelerated its decline yesterday, and there is a certain demand for mean regression in the short term. Follow the red color above33The resistance to the movement of the periodic moving average.
  

Trading CentralHub Line Indicators

(Rich Times)A50of30Minute chart, sourceUltima Markets APP）

• according toUltima Markets APPInTradingCentralHub line indicators, central price range for the day12070，
• 12070Upward bullish, first goal12130Second objective12190
• 12070Under bearish, first target11900Second objective11850
  

Disclaimers

The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice.UltimaMarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.UltimaMarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information.