Daily Analysis (9/10) Trend reversal!? Is the presidential election the only factor other than rebound?
Fundamental analysis.
US presidential election support rate has reversed. Especially in Pennsylvania, the support rate has flipped to the Republican Party.
- The sentencing of President Trump has been postponed until after the presidential election.
- If the Federal Reserve makes a substantial rate cut this month, there is a potential risk of further unwinding in the carry trade using the yen as a source of funds for US stocks.
Technical analysis (rating: 2.83/5)
- Chart pattern: A sell-off occurred after breaking through the resistance line at 57000 and taking profits.
→ Important resistance line becomes support line (4/5)
- Moving average line: The candlestick rises above the 5-day moving average line.The momentum has changed to an upward trend (3/5)
- Ichimoku cloud: It is in the process of reversing the three roles. However, the twist of the positive cloud and the lagging line turn upwards.Is there a trend change? (2/5)
- DMI: MDI/ADX has a dead cross. After that, both become downward.Falling trend.Is it peaking?(3/5)
- RSI: around 44 -> no clear direction.(2.5/5)
Historical volatility: After the decline, it has remained at a low level. It looks slightly upward, but there is currently no sense of direction.(2.5/5)
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ぴるさん OP : Given that the support line has been broken, can we consider Friday's decline as a temporary bottom?
ジョモりん ぴるさん OP : A little more observation is still necessary.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
