The main trend is still downtrend as shown by the lowers lows and lowers highs but we can see a bounce from Support at 0.57966. The EMA(21) is acting as a dynamic resistance but if price managed to close above it should be a sign for a possible trend reversal, otherwise we may see a downward move continuation. The 0.57966 is a critical Support level and keeping an eye on that in case of a break could result in more downward move and more pips.
The RSI is just below 50 and a move above this level may sign a bullish momentum increase; on the other hand if drops below 40 it will sign a bearish continuation.
So the next moves will depends in how the price will move in relation to the EMA(21). We may don't see a clear picture that today(Friday 29th AEST) but next week we may have a better picture.
The RSI is just below 50 and a move above this level may sign a bullish momentum increase; on the other hand if drops below 40 it will sign a bearish continuation.
So the next moves will depends in how the price will move in relation to the EMA(21). We may don't see a clear picture that today(Friday 29th AEST) but next week we may have a better picture.
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.