Medium-term, the instrument is in a downtrend 📉. The current market strength on a scale of zero to one hundred is 37. Selling 🔽 is recommended.
Locally, the price has also formed a downtrend channel and is currently trading within it. The lower channel boundary is at level 110.4, and the upper boundary is at level 115.9.
Considering both local and global trends, it is currently more likely to see a continuation of the downtrend both speculatively and in the medium term. Short positions 🔽 may be opened on a break below and confirmation below level 110.4, as well as on a rebound from level 115.9.
A breakout and confirmation above the upper boundary 115.9 could break the current local trend, and in this case, speculative buying 🔼 may be possible. If the price continues to rise and consolidates above level 119.9, it may indicate a break of the medium-term downtrend.
Locally, the price has also formed a downtrend channel and is currently trading within it. The lower channel boundary is at level 110.4, and the upper boundary is at level 115.9.
Considering both local and global trends, it is currently more likely to see a continuation of the downtrend both speculatively and in the medium term. Short positions 🔽 may be opened on a break below and confirmation below level 110.4, as well as on a rebound from level 115.9.
A breakout and confirmation above the upper boundary 115.9 could break the current local trend, and in this case, speculative buying 🔼 may be possible. If the price continues to rise and consolidates above level 119.9, it may indicate a break of the medium-term downtrend.
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Medium-term, the instrument is in a downtrend 📉. The current market strength on a scale from zero to one hundred is 33. It is recommended to work from sales 🔽.
Currently, the instrument is trading within a descending channel, with the lower boundary at level 109.5 and the upper boundary at level 115.1.
Taking into account the local and global trends, it is currently speculatively and medium-term more likely to continue to decline. A breakthrough with a fixation below the level of 109.5, as well as a rebound from the level of 115.1, may lead to the opening of speculative and medium-term short positions. 🔽
A breakaway and fixation above the upper boundary of 115.1 may break the current local trend, in which case speculative purchases may be possible 🔼. Additionally, fixation above the level of 119.9 would indicate a breakdown in the medium-term downtrend.
Medium-term, the instrument is in a downtrend 📉. The current market strength on a scale from zero to one hundred is 33. It is recommended to work from sales 🔽.
Currently, the instrument is trading within a descending channel, with the lower boundary at level 109.5 and the upper boundary at level 115.1.
Taking into account the local and global trends, it is currently speculatively and medium-term more likely to continue to decline. A breakthrough with a fixation below the level of 109.5, as well as a rebound from the level of 115.1, may lead to the opening of speculative and medium-term short positions. 🔽
A breakaway and fixation above the upper boundary of 115.1 may break the current local trend, in which case speculative purchases may be possible 🔼. Additionally, fixation above the level of 119.9 would indicate a breakdown in the medium-term downtrend.
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