radex78
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- Nov 22, 2014
- Messages
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EURUSd today price 1.10077, the price still move on the previous range, while body candle formed bears candle with long shadow on the bottom candle, the candle telling history after price drops then get pressure from the buyer and make reverse movement reached half body candle.
In the daily timeframe, the price is still below MA 12, and the middle band line, means a bearish trend-based indicator, while RSI level 43 indicates a downtrend-based indicator, and stochastic level 39 means a downtrend has not yet entered oversold zone level.
Based on the hourly timeframe as short-term analysis, the price move on the MA 12 line and middle band lines, its try to crosses up but too weak volume trading, RSI level 49 indicates a downtrend trying to push it down.
Forex and CFDs are complex instruments and come with a high risk of losing
your money.
In the daily timeframe, the price is still below MA 12, and the middle band line, means a bearish trend-based indicator, while RSI level 43 indicates a downtrend-based indicator, and stochastic level 39 means a downtrend has not yet entered oversold zone level.
Based on the hourly timeframe as short-term analysis, the price move on the MA 12 line and middle band lines, its try to crosses up but too weak volume trading, RSI level 49 indicates a downtrend trying to push it down.
Forex and CFDs are complex instruments and come with a high risk of losing
your money.