
Bulls are losing traction as the price eases for the second day, following strong upside rejection on Friday (spike high was left at 15.17, the highest since early Sep) before quick pullback. Daily stochastic reversed from overbought territory, RSI turned south and weakening momentum is crossing below its 7-d SMA, adding to signals for correction. Overall structure on daily chart is bullish and dips should be ideally contained at 14.70 zone (Fibo 38.2% of 13.86/15.17 rally/rising 10SMA) to guard pivotal rising 20SMA (14.55). Only sustained break below 20SMA would put bulls on hold for deeper correction.
Res: 14.89; 14.98; 15.00; 15.17
Sup: 14.74; 14.67; 14.61; 14.55
– advertisement –
Written by Admin
Product categories
Product tags
automated trading best forex ea best forex robot EA for Mt4 Forex advisor ADX indicator forex advisor CCI forex EA free forex expert advisor forex robot 2021 forex robot free download forex scalper robot forex software free EA Keltner channel autotrading forex robot moving average robot mq4 file mq4 trading robot scalping bot forex
Leave a Reply