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Weekly forecast Eidoo technical chart
Symbol EDOUSD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJune 13, 2021 - 21:19
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.7150, beginning of uptrend is expected.
  • We make sure when the resistance at 1.3680 breaks.
  • If the support at 0.7150 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.8745 on 06/08/2021, so more gains to resistance(s) 1.2105 and maximum to Major Resistance (1.3680) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 46.

Supports and Resistances:

  1. 6.8690
  2. 3.5300
  3. 2.7205
  4. 1.3680
  5. 1.0330
  6. 0.8230
  7. 0.7150
  8. 0.5785
  9. 0.4775
Click on the level to view price action history.

Symbol Released Current Forecast
Eidoo (EDOUSD) Sun, 19 Sep 2021
Eidoo (EDOUSD) Sun, 12 Sep 2021
Eidoo (EDOUSD) Sun, 5 Sep 2021
Eidoo (EDOUSD) Sat, 28 Aug 2021
Eidoo (EDOUSD) Sat, 21 Aug 2021