[Monthly Chart]
Last month finished forming a dark cloud. This month, after over 3 trading days, looking to be forming the top shadow of a black candle? Too early to say anyway.
[Weekly Chart]
It has been 3 consecutive weeks of rather small range, and small body. though it's been making a slow down trend, short bodies might signifies uncertainties. Anyway, it's broken below EMA50, being supported by Kumo Bottom.
[Daily Chart]
Price has been moving in a bearish channel. However, a bullish cloud is immediately ahead. Price might enter Kumo and bounce up.
[4-hourly Chart]
EMA50 continues to be the trend definition since August.
In a nutshell:
R2 - 1.5576 (previous week high)
R1 - 1.5520 (previous support turned resistance)
S1 - 1.5325 - 1.5340 (previous week low)
S2 - 1.5170 (daily chart kumo bottom)
EMA200 and EMA50 are always helpful indicators of support and resistance too.
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Ripple,
ReplyDeleteYou beat me this week... I haven't post my forecast! ^_^
Well done the good discipline!
LOL, i thought i couldn't be any later.
ReplyDeleteAt the moment I can only spend enough time on one pair...
You keep it up there too, with so many pairs and indices.