The price was rejected on the 1D MA50 within the wider 1M Channel Down (RSI = 41.549, MACD = -0.053, Highs/Lows = -0.0844, ADX = 50.328). The continuation of this 1D bearish sequence should lead to a new Lower Low but the first target is the 1D Support at 8.5320.
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.