- There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
- A trough is formed in daily chart at 0.7635 on 12/19/2017, so more gains maximum to Trend Hunter Sell Zone (0.7900 to 0.7960) is expected.
- Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
- Relative strength index (RSI) is 65.
There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.7900 to 0.7960), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
- Beginning of entry zone (0.7900)
- Ending of entry zone (0.7960)
Click on the level to view price action history.