A price action below 0.8095 supports a bearish trend direction. Increase short exposure for a break below 0.8075. The target price is set at 0.7985. The stop-loss price is set at 0.8185 (its 200-day simple moving average). An incomplete falling wedge patterns seems to be developing.
A price action above 6700 supports a bullish trend direction. Further bullish confirmation for a break above 7200. The target price is set at 8000. The stop-loss price is set at 5900. Remains every risky trade.
A price actioin above 94.00 supports a bullish trend direction. The price action is contained between the 200-day and 200-week simple moving averages. Bullish confirmation for a break above 97.00 (which is the 23.6% Fibonacci retracement level as well). The stop-loss price is set at 94.00. The price action is busy developing a base. A base-forming price action...
A price action above 43.00 supports a bullish trend direction. This level also overlaps with its confluence of 200-day and 200-week simple moving averages. The 50% Fibonacci retracement level also supports upside potential. Further bullish confirmation for a break above 45.00. The target price is set at 46.00. The stop-loss price is set at 42.00. Remains a risky trade.
A price action above 73.00 supports a bullish trend direction. Increase long exposure for a break above 76.00. The target price is set at 79.00 (its 23.6% Fibonacci retracement level. The stop-loss is set at 71.00 its 78.6% retracement). The price action seems to be bouncing from its 200-dau and 200-week simple moving averages. This can support a bullish long-term...
A price action above 29500 supports a bullish trend direction. Increase long exposure for a break above 30000. The target price is set at 30900 (its 100% Fibonacci retracement level). The stop-loss price is set at 28700 (its 50% retracement level). Remains above its 200-day and a correction to its 200-day simple moving average will be regarded as an opportunity to...
A price action above 32600 supports a bullish trend direction. Increase long exposure for a break above 36600. The target price is set at 40800 (its 100% Fibonacci retracement). The stop-loss price is set at 33400 9its 50% retracement and also its 200-week simple moving average. Keep in eye out for the MACD bullish crossover that might support the bullish flag pattern.
A price action above 1403 supports a bullish trend direction. The 200-day simple moving average might act as major support. Increase long exposure for a break above 1450. The target price is set at 1501 (just above its 23.6% Fibonacci retracement level). The stop-loss price is set at 1366 (its 200-day simple moving average). Remains a risky trade.
A price action above 47 supports a bullish trend direction. Bullish confirmation for a break above 48. The target price is set at 50. The stop-loss price is set at 45 (its 23.6% Fiboancci retracement level). Concern is however that the price action is extended to the upside. The bullish flag pattern might support some upside potential. Remains a risky trade.
A price action above 118 supports a bullish trend direction. Further bullish confirmation for a break above 129. The first target price is set at 141 (its 61.8% Fibonacci retracement level). The second target price is set at 168 (its 100% retracement level). A break up out of the symmetrical triangle pattern might support such upside potential.
A price action below 167.75 supports a bearish trend direction. Bearish confirmation for a break below 167.35. The target price is set at 165.40 (the major support trendline). The stop-loss is set at 169.85 (its 23.6% Fibonacci retracement level). Crossing below its 200-day might support further downside potential.
A price action above 6000 supports a bullish trend direction. Furhter bullish confirmation for a break above 6200. The target price is set at 6400 (its 38.2% Fibonacci retracement level). The stop-loss is set at 5800 (its 0% retracement level). Testing major resistance. A bounce from oversold territory on the RSI supports a speculative long opportunity.
A price action above 32.00 supports a bullish trend direction. Increase long exposure for a break above 33.00. The target price is set at 35.50. The stop-loss price is set at 30.50. The examination and convergence at the 200-day and 200-week simple moving averages indicate a significant support level, demonstrating a confluence of support.
A price action above 5.50 supports a bullish trend direction. IFurther bullish confirmation for a break above 6.00. The target price is set at 6.50 (just below its 50% Fibonacci retracement level). The stop-loss price is set at 5.00. The 200-day simple moving average might act as major support. Remains a risky trade.
A price action above 25100 supports a bullish trend direction. Further bullish confirmation for a break above 25800. The target price is set at 26800 (its 23.6% Fibonacci retracement level). The stop-loss price is set at 24100 (its 78.6% retracement level). Testing its 200-day simple moving average, which might act as major support.
A price action above 640 supports a bullish trend direction. Increase long exposure for a break above 675. The target price is set at 714. The stop-loss price is set at 610. Notice how the 200-day and 200-week simple moving averages act as confluence support. Remains a risky trade.
A price action above 141 supports a bullish trend direction. Increase long exposure for a break above 150. This level is also the 61.8% Fibonacci retracement level. The target price is set at 163 (its 78.6% Fibonacci retracement level). The stop-loss level is set at 129 (just below its 38.2% retracement level). It will appear that a falling wedge pattern is busy...
A price action above 56500 supports a bullish trend direction. Further bullish confirmation for a break above 58100. The first target price is set at 59800. The second target price is set at 62800. The stop-loss price is set at 55300. The 200-day simple moving average might act as major resistance. Remains a risky trade.