This pair has just been accumulating for the past few years, with no intention of a bullish /bearish momentum. (1 Week)
Anyway, based on the daily pattern, there is a ranging pattern and the pair just re-bounded from the lower trendline and formed a bullish candlestick, which closed above the previous daily highest point.
Considering that it failed to break out of the structure, I anticipate that the bullish momentum will continue and the price might continue to retest the resistance zone at 1.16.
An analysis using a shorter timeframe will follow.
Anyway, based on the daily pattern, there is a ranging pattern and the pair just re-bounded from the lower trendline and formed a bullish candlestick, which closed above the previous daily highest point.
Considering that it failed to break out of the structure, I anticipate that the bullish momentum will continue and the price might continue to retest the resistance zone at 1.16.
An analysis using a shorter timeframe will follow.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.