So the next peak in this converging triangle is 11th November, currently it is firmly within the ascending channel and there's resistance at the .53 mark, but if it manages to blast through that, then the .57 is pretty stiff resistance there too. If it drops off, there's support at the .48 and .45 levels.
We've also just had an upside cross using the new Intelligent Moving Average on the 1HR chart. The 50MA looks to be heading toward the 200MA as well, so this could be a good tester to see if the IMA is indeed an accurate indicator compared to the normal MA.... Could we see another surge on the 11th?
We've also just had an upside cross using the new Intelligent Moving Average on the 1HR chart. The 50MA looks to be heading toward the 200MA as well, so this could be a good tester to see if the IMA is indeed an accurate indicator compared to the normal MA.... Could we see another surge on the 11th?