This is a technical directional analysis based off support and resistance.
If we get continued rejection with a strong pivot around 1.55000 range I expect a support retest of 1.54000 and 1.53000 with a 1.54000 break.
If we can break through 1.55000 current retest I expect a potential retest as mapped with the dotted green arrow on charts. Those resistance levels are potential pivots in direction to top resistance of 1.57400.
MACD/SIGNAL have made a slight cross looking for continuation. RSI has been consolidating in overbought zone with low momentum. A break in RSI consolidation will largely help forecast true direction.
Please comment with thoughts and ideas. Thank you.
If we get continued rejection with a strong pivot around 1.55000 range I expect a support retest of 1.54000 and 1.53000 with a 1.54000 break.
If we can break through 1.55000 current retest I expect a potential retest as mapped with the dotted green arrow on charts. Those resistance levels are potential pivots in direction to top resistance of 1.57400.
MACD/SIGNAL have made a slight cross looking for continuation. RSI has been consolidating in overbought zone with low momentum. A break in RSI consolidation will largely help forecast true direction.
Please comment with thoughts and ideas. Thank you.
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.