Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Key Support Zones: 2700, 2600, 2500
Shanghai SE Composite Index (SHCOMP) Long-term Trend: Ranging
SHCOMP index is still fluctuating between the levels of 2800 and 3100. On March 5, the bulls reached a high of 3074 and were resisted. The market continued its downward move. The price breaks the lower price range and falls to 2656 low. The market fell to level 30 of the Relative Strength index. The index was at the point of falling into the oversold region of the market. The price has risen back to the range-bound zone.
Daily Chart Indicators Reading:
The index fell to level 30 of the Relative Strength Index. Presently, it has risen to level 52 indicating that the market is in the uptrend zone. It is also above the centerline 50. The 21-day and 50-day SMAs sloping horizontally indicating the sideways move.
Shanghai SE Composite Index (SHCOMP) Medium-term Trend: Ranging
On the 4- hour chart, the index is in a sideways trend. In the month of March, the index traded very low below the lower price range. This is below the 2700 price level. The market is making an upward move to the range-bound zone.
4-hour Chart Indicators Reading
SHCOMP is above 75% range of the daily stochastic. Besides, it is approaching the overbought region of the market. The EMAs are sloping downward indicating downward move.
General Outlook for Shanghai SE Composite Index (SHCOMP)
Shanghai SE Composite Index traded very low in the Month of March. The market has gone up after the downward move. It appears the index will fall again if it reaches the overbought region.
Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus