GA Analysis for coming week
Monthly: In a bearish trend currently trading
below 1.80000 rejecting both moving averages
has possibly made its lower high and now making a
a push to either test previous lows or make new
lows
Weekly: Price pulled back to the .764 retracement
level rejecting the 50SMA now continuing the
overall bearish push can either push back down
to 1.75000 or continue pushing down and break
support level to create new lows Weekly candle
wasn't the strongest bearish closure
Daily: Price creating clean market structure to
the down side, lower lows and lower highs
are being printed have broken beneath both
moving averages and now looks to be retracing
into broken support level
H4: Looking for price to retest Level of broken
support to see if it can now hold as a level of
resistance to continue bearish push into either
1.77404 or -0.27 extension level
Monthly: In a bearish trend currently trading
below 1.80000 rejecting both moving averages
has possibly made its lower high and now making a
a push to either test previous lows or make new
lows
Weekly: Price pulled back to the .764 retracement
level rejecting the 50SMA now continuing the
overall bearish push can either push back down
to 1.75000 or continue pushing down and break
support level to create new lows Weekly candle
wasn't the strongest bearish closure
Daily: Price creating clean market structure to
the down side, lower lows and lower highs
are being printed have broken beneath both
moving averages and now looks to be retracing
into broken support level
H4: Looking for price to retest Level of broken
support to see if it can now hold as a level of
resistance to continue bearish push into either
1.77404 or -0.27 extension level