CFDs and forex spot transactions are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor lose money when trading CFDs and/or forex spot with this provider. 0.97% of retail clients trading in leveraged products experience a negative account balance after a stop out occurred. You should consider whether you understand how CFDs, forex spot transactions or any of our other products work and whether you can afford to take high risk of losing your money.
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CFDs and forex spot transactions are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor lose money when trading CFDs and/or forex spot with this provider. 0.97% of retail clients trading in leveraged products experience a negative account balance after a stop out occurred.
CFDs and forex spot transactions are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor lose money when trading CFDs and/or forex spot with this provider. 0.97% of retail clients trading in leveraged products experience a negative account balance after a stop out occurred. You should consider whether you understand how CFDs, forex spot transactions or any of our other products work and whether you can afford to take high risk of losing your money.
Nike trading below pre-Corona peak but could decline further before support
Nike is in a down trend both short-, medium- and long term i.e., on daily, weekly and monthly time period have formed lower lows and lower highs. RSI below 40 threshold confirms this on time periods. Nike has been trading in a falling channel for the better part of 2022 and is now trading below pre-Corona peak, but it could decline further. Looking at the monthly chart $77 seems to be the level Nike could drop to before there is strong support. Minor divergence on weekly RSI is starting to show divergence which would indicate an exhaustion of the (down)trend. However, with only minor support at 93.44, a level Nike seems to be fast approaching, RSI is likely to drop further meaning RSI can trade out the divergence i.e., RSI to drop below its low at 28.14. For Nike to reverse the down trend a close above 118.50 is needed
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