Technical indicator buy analysis
Is am relying on MACD and RSI for this trade so this is a strict technical analysis.
Currently MACD/SIGNAL are heading for a zero line cross. If this takes place smoothly we will see a breach and continuation through .64400. RSI will break resistance and breach overbought zone.
If the cross is interrupted we may see a pivot at .64400 to retest .64100. If this takes place buyers may look to load up with confirmed support and RSI will correct back towards overbought zone.
Please comment with thoughts and ideas. Thank you.
Currently MACD/SIGNAL are heading for a zero line cross. If this takes place smoothly we will see a breach and continuation through .64400. RSI will break resistance and breach overbought zone.
If the cross is interrupted we may see a pivot at .64400 to retest .64100. If this takes place buyers may look to load up with confirmed support and RSI will correct back towards overbought zone.
Please comment with thoughts and ideas. Thank you.
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