- There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
- Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
- Relative strength index (RSI) is 71.
There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1320.00 to 1356.75), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
- Beginning of entry zone (1320.00)
- Ending of entry zone (1356.75)
Click on the level to view price action history.