BIDU at the Beginning of a New Uptrend?
BIDU at the Beginning of a New Uptrend?
Today’s strong stimulus measures from China have lifted market sentiment.
“China announced a slew of stimulus measures to boost its economy on Tuesday, September 24. The PBOC doubled down on its monetary policy easing by cutting both the 7-day reverse repo rate and banks’ reserve requirement ratio (RRR).”
China’s yuan hit a 16-month high, while the Australian dollar reached a 2024 peak after the central bank reiterated its determination to tame inflation.
BIDU also benefited from this new bullish sentiment by breaking a strong resistance zone near $90. If the price manages to hold this zone, we could see the beginning of a bullish wave soon, with targets at $96.50, $103, and further up to $112
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Today’s strong stimulus measures from China have lifted market sentiment.
“China announced a slew of stimulus measures to boost its economy on Tuesday, September 24. The PBOC doubled down on its monetary policy easing by cutting both the 7-day reverse repo rate and banks’ reserve requirement ratio (RRR).”
China’s yuan hit a 16-month high, while the Australian dollar reached a 2024 peak after the central bank reiterated its determination to tame inflation.
BIDU also benefited from this new bullish sentiment by breaking a strong resistance zone near $90. If the price manages to hold this zone, we could see the beginning of a bullish wave soon, with targets at $96.50, $103, and further up to $112
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade chiuso: obiettivo raggiunto
BIDU: Two Targets Reached :)
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.