Morning everybody,
Flat action here gives small space for analysis, but, on daily chart we have two DiNapoli grabbers that suggest taking of recent lows and triangle/pennant consolidation.
Since MACD trend shows up, while price mostly stands flat - it points on bearish dynamic pressure. So, it makes us think that downside action could start soon and nearest target is 6300-6320, which is mostly intraday one.
Flat action here gives small space for analysis, but, on daily chart we have two DiNapoli grabbers that suggest taking of recent lows and triangle/pennant consolidation.
Since MACD trend shows up, while price mostly stands flat - it points on bearish dynamic pressure. So, it makes us think that downside action could start soon and nearest target is 6300-6320, which is mostly intraday one.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.