- There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
- Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
- Relative strength index (RSI) is 48.
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (16.65 to 16.30), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
- Beginning of entry zone (16.65)
- Ending of entry zone (16.30)
Click on the level to view price action history.