shillard04

shillard04

Descending triangle, how nice would it be to bounce up from here, with the classic stab (yellow arrow) below the psychological 90k point. It would be positive if the price breaks the descending trendline together with the 10-20-50 SMA and the MACD gives a buy signal. Tomorrow core PPI m/m.

shillard04

From a short-term perspective, it is a significant decline from the peak, down 18%. Below the 20-day moving average, below 0.236 fibonacci. More significant support is the 50-day moving average, the 0.382 fibonacci and the 360 ​​price level. In terms of the turnaround, it would be positive if the bullish trend channel were to exit and the MACD were to give a buy signal.

shillard04

On the daily chart, the uptrend bounced from an intact support around 5870, which is around the 50 moving average and the 0.236 fibonacci. Local peak is 6100, this is the first resistance, next is 6200-6300, the top of the ascending channel. Until then, you can rest several times. After the ascent of the last day, there may be a few days of calm until you gather...

shillard04

A very classic divergence between the price and the MACD indicator. The exchange rate rises from November 25, and the indicator falls until December 17. In such a case, the exchange rate usually follows the indicator. This can also be seen on this chart.