The asset continues to move higher. Each new high and low is forming above the previous one, indicating continued buying pressure. However, the RSI is in the overbought zone, while the price has been rising for an extended period with little to no significant correction.
The price is currently testing the key 1.4123 resistance level.
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β€28π2π€―2
The asset continues to show a strong decline. Each new high and low is forming below the previous one, indicating continued selling pressure. However, the downtrend has been ongoing for an extended period without any significant pullbacks or corrections, while the RSI is in the oversold zone.
The price is currently testing the key 1.1380 support level.
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β€23π4π3
The asset remains in an uptrend, but recently declined toward the local low. The price is currently trading near the key 2650 support level.
This level is important for the next move, as a break and consolidation below it could shift the local market structure to a downtrend.
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β€21β‘3π3π₯3
How it works:
Itβs the bearish twin! Instead of a rounded bottom, it forms a rounded top, signaling a potential downtrend continuation!
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β€33π₯6π5
#MarketNews
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β€31π₯°3β‘1
The asset showed a strong decline, but the price failed to hold below the ascending trendline. Buyers are now attempting to regain control, while the price is testing the local high and key 7728 resistance level.
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β€23π€4π₯1
After a prolonged decline, the asset stopped making new local lows and shifted into a sideways range. The price is currently testing the local high, which coincides with the upper boundary of the range and the key 1.1393 resistance level.
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β€29π₯6π2π€1
The asset remains in a downtrend. Each new high and low is forming below the previous one, indicating continued selling pressure.
The price is currently trading near the key 0.6998 support level. A break and consolidation below this level could confirm the continuation of the bearish structure.
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β€26π7π₯5
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Time to take a breath, step away from the charts, and recharge.
Wishing everyone a great weekend!
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β€49π€£24π17π15β‘3π€3
#MarketNews
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β€34π9β‘3
#TradeIdea
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β€124π81β‘1π1
The asset continues to move in a downtrend. The structure remains bearish, while the price is currently testing the key 1.1370 support level.
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β€28π7π―5π₯4π€£1
The asset showed a slight rise and tested the MA-50, after which a bearish engulfing pattern formed on the chart. The price reversed lower and is now testing the local low and key 1.3257 support level.
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β€31π€5π3π₯3
#Education
Hit
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π52β€23π―3π₯2π’2
#MarketNews
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β€18π17β‘5
The asset continues to move higher. The structure remains bullish, with each new high and low forming above the previous one, indicating continued buyer strength.
The price is now approaching the key 0.8352 resistance level.
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β€27π5π₯5
The asset showed a strong decline, after which it tested the 60.52 support level and moved into a local sideways movement. The price is now approaching the upper boundary of the range and testing the 60.89 resistance level. Meanwhile, the Parabolic SAR indicator is giving a bullish signal.
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β€28π₯5π€4π3
The price is holding the 30170 support level. The asset has now broken the local descending trendline, and the price is moving toward the 30500 resistance level.
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β€34π€3π2
Did you know emotions drive markets? The Fear & Greed Index reflects just that!
#Education
Whatβs your current trading sentiment right now?
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β€43π₯4π2
#MarketNews
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β€21π€―4π€£2π€2π₯1