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The MA has proved to be a liable support in the past. Taking into account that we got a support zone between 1270 and 1280 we can suppose that this support will hold this time again.
The new high 30 minutes ago confirmed the uptrend.
We are just retracing the fall from 123. As the MACD seems to turn down now a further decline is likely.
We are seeing a new high after a time of consolidation. This is a confirmation of the temporarily interrupted uptrend.
Within a clear uptrend we saw a new high again. This indicates a strong momentum.
We just gapped up at the opening. It's a good sign and may hint a final break of the 21860 March high.
We are just holding above a falling weekl channel. I consider this as an attempt to leave it finally. This may take some time but at moment we are trying to rise further.
After overcoming 16.55 we developed a high momentum that is probably not yet exhausted.
The long way from 110.90 could not been corrected so that another wave up may follow immediately.
It's time for a correction and it seems that a bottom building is on the way.
We broke yesterday's bottom and fell below April's low of 75. The decline should rather continue thus.
The break below the MA has been confirmed by the next candle. We are on the way to the next Fibonacci level.
We are in a clear uptrend and have just backtested the former top at 111.68. This may be seen as a small Fibonacci retracement. At the same time we are approaching the MA that may be seen as an additional support.
The retracement of the rise from 1281 failed so that we may expect a further rise.
In an undoubtful uptrend we built a new high today, so that the rise may continue in'sch Allah.
The rate is building a bottom above the not touched MA and shall go up for a retracement at least.
We just gapped up so that I estimate that the rise may continue.
We have retraced 50 % of the past decline and reached the falling trendline so that I assume that the downtrend can continue now.