Midterm forecast: While the price is above the support 1.4750, beginning of uptrend is expected. We make sure when the resistance at 1.5115 breaks. If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI bounced from the resistance #1 at 48 and it prevented price from more gains. A peak is...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.3170 would begin in Midterm. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 1.3050 on 11/02/2018, so more gains to resistance(s) 1.3225 and maximum...
- R/S flip - Tight Stop *RSI broke support - possible fakeout // will watch this... Take Profit - $1.336
It's back inside the Bollinger bands, going to get back in at this level if it holds.