We broke the support on Thursday. Thus the decline may continue.
The assumed bottom did not hold. The decline shall continue now after the retracement done.
As expected we came down a bit an are meeting a support now that appeared the past few hours.I expect that it will hold for a while.
The bottom had been built at the end of October and we are amidst a retest of the top.
The November decline has been retraced and the MA has been broken to the downside followed by 2 red candles. Advent, advent, 2 Lichtlein brennt. This means that until next Sunday the dollar shall fall again. :-)
The rate is holding above the rising support. As the trend is still up we shall expect another wave to the upside.
In teh short run the downward correction can reach the MA support.
We've opened with a widely open window today which shall be closed before IBEX shall rise again.
It has been a long way today. I think they shall take profit now.
We just met a resistance and an intrady downward correction is possible.
The bullish trend is not over yet and several indicators show signs of a turnaround. The Cloud is supporting a possible bottom.
After the spike today there is some more space on the top on the long run.
We see a clear bow turning down and the next support is far.
Today weems to become an inside day. The tend is intact yet and if the hourly support holds we will see another attempt to rise further.
The former (already traded) rise has been retraced. There may be some $ room to the upside now. The rising Indicator is to be seen as a support.
Uptrend, new high, test down (Fibo 38,2 %) completed. The trend may continue.