NEM
Short

XEMUSD: 1D Channel Down intact. Support test ahead.

1 148
XEMUSD delivered the anticipated bearish leg on 1D giving shape to the new 4H Channel Down that should eventually test the 0.0777 1D support. As seen on the chart, 1D is a clear Channel Down (RSI = 48.355, STOCH = 33.730) but until that support breaks, on low gradient (MACD = -0.001, Highs/Lows = -0.0003). We are still bearish, aiming at 0.060.

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.