After prices settled in the support zone comprising the year's low, market was subject to a bull reversal with a test of 0.74800. Odds of a continuation remain medium/high however bears kept putting pressure the whole week.
Possible targets : @0.74800 (+30pips) and @0.75400 (+90 pips) or @0.74000 (+40pips) in case of a reversal.
Advice : Stay bullish and buy at any low point while we don't break the 0.74400 bottom level, which will confirm the bearish pressure.
Correlated pairs : USDJPY (92.8%)
We are more likely to experience a strong bull spike with the USDJPY which is currently at a support zone.
Possible targets : @0.74800 (+30pips) and @0.75400 (+90 pips) or @0.74000 (+40pips) in case of a reversal.
Advice : Stay bullish and buy at any low point while we don't break the 0.74400 bottom level, which will confirm the bearish pressure.
Correlated pairs : USDJPY (92.8%)
We are more likely to experience a strong bull spike with the USDJPY which is currently at a support zone.
Dagangan ditutup: sasaran tercapai
A sideway market can be noticed with a clear support (0.74400) and resistance level(0.74800). Target 1 was reached, followed by a strong bear spike.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.