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Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

NFLX weekly analysis.
10:19 2021-12-28 UTC--5
Exchange Rates analysis

NFLX remains in a bullish trend as long as price is trading above $580. Price remains in a bullish trend making higher highs and higher lows, however traders need also to protect their gains because the upward sloping wedge pattern combined with a bearish divergence, is a bearish sign.

Blue lines- bearish divergence

Green line - support

So far price has provided us with warning signs that the weekly up trend is weakening. This does not rule out a strong upward move toward $700. In fact this is the primary scenario expected to happen as long as price is above $580. Failure to hold above this level, will turn us bearish.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.