Has managed to run bullish for the 5 straight days from September 25 to October 01. September 22 high which is 1.1744 is acting as a swing area and holding as a support for the bear
The downward parallel channel was broken and retest on September 25 makes this pair to run towards 1.17400.
And the upward parallel channel also broken and price fell below the middle line we are expecting the retest play around The Point of control area and then it will fall towards
200 Exponential moving average is acting as resistance for the bull Point of control are is coordinates with the .236 Fibonacci retracement level.
below which the .50 Fibonacci lying around 1.16934 which will be a testing ground for both the Bull and bear.
If this level firmly broken then the next downside target would be 1.16128 which is a recent swing low area
.50 Fibonacci level coordinates with the major psychological level
On volume profile currently its trading at high volume area where we can expect more number of sellers from this level
Hourly
Relative strength index is in neutral area as its around 51 level
Ichimoku cloud is turned red
The price is trading near the lower side of Bollinger band
03 EMA's confluence around 1.17300
In RSI bearish divergence was formed
MACD is signaling upward pressure, Histogram is turned red
4 HOUR
100 EMA acting as support - Bear
Ichimoku cloud is turned red and pointing upwards
Relative strength index is in neutral area as its around 50 level
MACD is signaling downward pressure, Histogram is turned red
The price reached the lower side of Bollinger band
Continuation of downtrend
Selling pressure
DAILY
100 EMA acting as resistance for the bull
Ichimoku cloud is about to turn red and pointing downwards
Weakening of bullish momentum
Middle line of Bollinger bands acting as support for the bear
RSI is well below the 50. MACD is about to cross and the histogram is going to turn as green
Upward pressure
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