General Motors surrounded with positive signals - Analysis - 17-11-2017

General Electric's stock (GE) fell in the intraday levels, recording a small loss of 0.05% in the last session, or 0.01 points, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, while the stock settled below the resistance of 19.34, which represents the ratio 50% of Fibonacci retracement levels for an ascending wave in the long term (from 5.73 to 32.95).

Bitcoin price bounced downwards clearly after testing 8000.00$ barrier, to lean on the minor bullish channel's support and resumes the bullish bias again, which keeps the overall bullish trend scenario active until now depending on stability above the key support 7550.00.

The NZDUSD pair managed to break 0.6818 level and settles below it, which supports the continuation of our bearish overview efficiently in the upcoming period, paving the way to head towards our extended target that reaches 0.6618, to keep the bearish trend valid on the intraday and short term basis unless breaching 0.6992 and holding above it.