Price reacted off the low of 18th March 2020, and has been drifting higher since.
Currently, price is holding above long term 34-period EMA and Stochastics is also reacting ascending trendline support where price bounced in the past.
Price seems to show a short term bounce above our Buy entry at 132.471 towards key resistance at 137.209. Key resistance is a strong level given that it falls in line with both the -27.2% Fibonacci retracement and 1.272% Fibonacci extension.
Currently, price is holding above long term 34-period EMA and Stochastics is also reacting ascending trendline support where price bounced in the past.
Price seems to show a short term bounce above our Buy entry at 132.471 towards key resistance at 137.209. Key resistance is a strong level given that it falls in line with both the -27.2% Fibonacci retracement and 1.272% Fibonacci extension.
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Penafian
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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.