SAND: market overview for September 27
The resistance level was broken on the Daily timeframe on September 23, the trend is bullish. The correction may come to an end today and the pullback buying opportunity can be formed.
The first target in the upward movement is the resistance level formed on September 23 – 25 with the borders of $0.919 – $0.94.
In case of successful development of the trend, a more distant target will be on the highs of September 9 – 12, where the next resistance is located with the borders of $0.9875 – $1.0250.
When breaking through the support, the trend will reverse and we should look for selling opportunities. The borders of this level are $0.8015 – $0.8150.
Longs will remain relevant until the market is above the nearest support level on the Daily chart, the lows of September 20 – 22.
The first target in the upward movement is the resistance level formed on September 23 – 25 with the borders of $0.919 – $0.94.
In case of successful development of the trend, a more distant target will be on the highs of September 9 – 12, where the next resistance is located with the borders of $0.9875 – $1.0250.
When breaking through the support, the trend will reverse and we should look for selling opportunities. The borders of this level are $0.8015 – $0.8150.
Longs will remain relevant until the market is above the nearest support level on the Daily chart, the lows of September 20 – 22.
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