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
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β€34π8β‘3
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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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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€26π5π₯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
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β€21π€―4π€£2π€2π₯1
The asset remains in a downtrend. The price tested the 1.1314 support level and is showing signs of a rebound. Bullish engulfing patterns are forming on the chart, while the Parabolic SAR indicator is giving a bullish signal. The price is currently testing the key 1.1350 resistance level.
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β€31π8
Globally, the asset is in an uptrend. The price has already attempted to break above the 1.4200 resistance level three times, but each attempt has been unsuccessful. Locally, the price is moving within a sideways range and testing its lower boundary, which coincides with the 1.4175 support level.
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β€25π8π₯1
The asset continues to decline. Each new high and low is forming below the previous one, indicating continued selling pressure. However, the price is holding the 82940 support level and has so far managed to stay above it.
The price is currently testing the descending trendline.
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β€39π6π₯3
The Parabolic SAR (Stop and Reverse) is a widely used trend-following indicator that helps traders identify potential entry and exit points. Developed by J. Welles Wilder, this tool places dots above or below price action to indicate the current market trend:
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β€37π6π₯2β‘1
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β€29π5β‘3π₯1
The price attempted to move higher but failed to hold above the 1.3288 resistance level. It is now showing another impulsive decline toward the 1.3206 support level.
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β€19π―7π5π3π₯1
The market is currently in a state of uncertainty, with participants focused on tomorrowβs NFP release. Gold has formed a symmetrical triangle, and a breakout through either boundary could determine the assetβs next direction.
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