Based on my analysis, it appears that the recent increase in prices is just a short-term adjustment in a broader downward trend.
After closing above 0.8457, the downtrend channel seems to have been broken, resulting in a shift where resistance now acts as support. This could potentially lead to an uptrendย pullback.
After closing above 0.8457, the downtrend channel seems to have been broken, resulting in a shift where resistance now acts as support. This could potentially lead to an uptrendย pullback.
Professor C. E. Ward
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Professor C. E. Ward
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.