Germany-Beiersdorf forms a minor bearish channel– Analysis – 19-9-2019

Economies.com
2019-09-19 06:40AM UTC

Beiersdorf price formed a minor bearish channel in its last trading to reinforce the bearish scenario in the upcoming period trading, depending on the stability of the resistance at 109.70, to confirm the attempt of gathering a new negative momentum, to ease the mission of reaching the negative stations, that are located at 108.05 and 107.15.

 

The fluctuation of the moving average 55 above the current resistance confirms the trading confinement within the negative range, to increase the negative pressures until the price success to achieve the mentioned negative targets.

 

The expected trading range for today is between 109.70 and 108.05

 

The expected trend for today: Bearish.

 

 

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