I usually post Weekly charts. Using a Daily chart here to more easily detail price levels.
Prior State: Selloff from mid-December bounced near 234. A Bullish Engulfing Pattern was confirmed on 12/27.
Current State: Price has retraced 38.2% of the selloff from the October high to the December low. A move to 264 would introduce price to a prior congestion area.
Future Forecast: Price may move higher to 264 but is likely to struggle in the congestion area. If this selloff is over price will roll over in the 264 area or in the congestion area. If price can break through 280 higher prices should follow well above the 293 high.
Prior State: Selloff from mid-December bounced near 234. A Bullish Engulfing Pattern was confirmed on 12/27.
Current State: Price has retraced 38.2% of the selloff from the October high to the December low. A move to 264 would introduce price to a prior congestion area.
Future Forecast: Price may move higher to 264 but is likely to struggle in the congestion area. If this selloff is over price will roll over in the 264 area or in the congestion area. If price can break through 280 higher prices should follow well above the 293 high.
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For more analysis, signals, education, and more sign up for Forex Forecast. It's free.
positionforex.my.canva.site/bio-link-site
positionforex.my.canva.site/bio-link-site
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。