Momentum stabilising
Momentum on both daily and weekly charts seem to be stabilising.
We start off with the daily where we see PPM1 in trend mode up. Looking at the 10 SMA, it shows a continuous slope up as well. Price could hit the high fib targets above at 3.257 if the momentum boost in the algo for today plays out.
PPM2 is also looking to spike up today at the open meaning the 21 SMA is starting to turn around.
We move to the weekly where we see the algos on the MAs stabilising and then gradually shifting up.
The PPMs are stabilising, though still without and visible trend. That said, the high fib targets have been there for 2 weeks now. If they continue to be there this week, we may see price touch those in the coming weeks.
We start off with the daily where we see PPM1 in trend mode up. Looking at the 10 SMA, it shows a continuous slope up as well. Price could hit the high fib targets above at 3.257 if the momentum boost in the algo for today plays out.
PPM2 is also looking to spike up today at the open meaning the 21 SMA is starting to turn around.
We move to the weekly where we see the algos on the MAs stabilising and then gradually shifting up.
The PPMs are stabilising, though still without and visible trend. That said, the high fib targets have been there for 2 weeks now. If they continue to be there this week, we may see price touch those in the coming weeks.
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