Advertisement
Advertisement

Ibex Forecast November 11, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Nov 11, 2015, 04:16 GMT+00:00

The Ibex initially fell during the course of the session on Tuesday, but found enough support near the €10,250 level to turn things back around and form a

Ibex Forecast November 11, 2015, Technical Analysis

The Ibex initially fell during the course of the session on Tuesday, but found enough support near the €10,250 level to turn things back around and form a bit of a hammer. The hammer of course is a bullish sign, and as a result we believe that a break above the top of the hammer should send this market back towards the €10,600 level. Ultimately, we do believe that this market continues to go higher, but it is going to be more of a grind than anything else. With that, you will have to be patient to collector profits.


 

Ibex Forecast November 11, 2015, Technical Analysis
Ibex Forecast November 11, 2015, Technical Analysis

About the Author

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

Advertisement