Technical Data:
Senior linear regression channel: direction- up. Low channel linear regression: direction- up. Moving Average (20; smoothed)- up. CCI:-57.0391
Therefore, the aim of the current upward movement is the level of Murray "1/8"- 1.6724. If price overcomes the first target, the new target for the upward movement will be the level of Murray "2/8"- 1.6846. In the case of overcoming this and the Target, all levels Murray recalculated and will generate new targets for trade. Drawing attention to the Heiken Ashi indicator that colored the latest bars in blue, can be said about the local downward motion, so long positions will be relevant after the turn indicator up, which would mean the resumption of upward movement. The moving average is pointing up, and the price in turn is above it, so now more urgent upward movement. Shorts can be considered only after fixing prices below the moving average line and turn down any linear regression channel. The CCI indicator is about the level of -100 , which indicates the presence of a weak currency pair oversold.
The next support levels are 1.6602-1.6479-1.6357 while nearest resistance levels are 1.6724-1.6846
Trading Recommendations:
Based on the analysis funtdollar pair, we can conclude that now advised to consider warrant to purchase for the purpose of 1.6724. If this level is passed, the new Target will act 1.6846. Stop level is recommended to place below the moving average, and as his rise up and carry stop-loss. With the passage of 50-60 points stop loss can be moved to a zero level. Open long position is recommended in case of formation of 1-2 bars (depending on size) or purple when prices rebound from the moving average line. Take-profits can be set slightly below target levels Murray. Sell orders considered not recommended.
No comments:
Post a Comment