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Mixed Expectations Following Last Week's Sharp Decline ‐ Reversal Or Just Pause?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Briefly: In our opinion, no speculative positions are justified. Our intraday outlook is now neutral, and our short‐term outlook is neutral: Intraday outlook (next 24 hours): neutral Short‐term outlook (next 1‐2 weeks): neutral Medium‐term outlook (next 1‐3 months): bearish Long‐term outlook (next year): bullish The U.S. stock market indexes lost 0.8‐1.1% on Friday, extending their recent sell‐off, as investors reacted to global stock markets' decline, monthly jobs data release, among others.

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