Indices are heading lower once more, as disappointing earnings from key companies hit sentiment.
Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.01% 🇪🇺EUR: -0....The index has resumed its downward move, pushing below Friday’s low and nearing the previous highs at 40,080.
Further declines below this would open the way to trendline support from the June low, and then down to horizontal support at 39,587.Hopes of a bounce have faded here, though the index is holding above the 50-day simple moving average , currently 19,503. A close below the 50-day SMA marks a fresh short-term bearish development, targeting the previous highs at 18,949.This index succeeded in pushing to a one-week high on Tuesday, before dropping back from its highs.
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