On the , the instrument is trading in the lower . The indicator is directed down while the price range is expanding. histogram entered the negative zone and formed a sell signal. is approaching the oversold zone.
On the 4-hour chart, the instrument broke down a strong at 47.38. is directed horizontally while the price range is narrowing, suggesting a change in the trend possibility. histogram is trying to turn up but keeping a sell signal. is about to enter the oversold zone.
Support levels: 46.47 (local low), 46.09, 45.71 (lower MA of ).
Resistance levels: 47.38, 47.91, 48.63 (middle MA of ), 49.20.
Short positions can be opened from current prices with the target at 45.71 and stop-loss at 47.38. Validity – 1-2 days.
Long positions can be opened from the level of 47.91 with targets at 48.30, 48.65 and stop-loss at 47.15. Validity – 1-2 days.