A price action above 29500 supports a bullish trend direction. Increase long exposure for a break above 30000. The target price is set at 30900 (its 100% Fibonacci retracement level). The stop-loss price is set at 28700 (its 50% retracement level). Remains above its 200-day and a correction to its 200-day simple moving average will be regarded as an opportunity to...
A price action above 32600 supports a bullish trend direction. Increase long exposure for a break above 36600. The target price is set at 40800 (its 100% Fibonacci retracement). The stop-loss price is set at 33400 9its 50% retracement and also its 200-week simple moving average. Keep in eye out for the MACD bullish crossover that might support the bullish flag pattern.
A price action above 1403 supports a bullish trend direction. The 200-day simple moving average might act as major support. Increase long exposure for a break above 1450. The target price is set at 1501 (just above its 23.6% Fibonacci retracement level). The stop-loss price is set at 1366 (its 200-day simple moving average). Remains a risky trade.
A price action above 47 supports a bullish trend direction. Bullish confirmation for a break above 48. The target price is set at 50. The stop-loss price is set at 45 (its 23.6% Fiboancci retracement level). Concern is however that the price action is extended to the upside. The bullish flag pattern might support some upside potential. Remains a risky trade.
A price action above 118 supports a bullish trend direction. Further bullish confirmation for a break above 129. The first target price is set at 141 (its 61.8% Fibonacci retracement level). The second target price is set at 168 (its 100% retracement level). A break up out of the symmetrical triangle pattern might support such upside potential.
A price action below 167.75 supports a bearish trend direction. Bearish confirmation for a break below 167.35. The target price is set at 165.40 (the major support trendline). The stop-loss is set at 169.85 (its 23.6% Fibonacci retracement level). Crossing below its 200-day might support further downside potential.
A price action above 6000 supports a bullish trend direction. Furhter bullish confirmation for a break above 6200. The target price is set at 6400 (its 38.2% Fibonacci retracement level). The stop-loss is set at 5800 (its 0% retracement level). Testing major resistance. A bounce from oversold territory on the RSI supports a speculative long opportunity.
A price action above 32.00 supports a bullish trend direction. Increase long exposure for a break above 33.00. The target price is set at 35.50. The stop-loss price is set at 30.50. The examination and convergence at the 200-day and 200-week simple moving averages indicate a significant support level, demonstrating a confluence of support.
A price action above 5.50 supports a bullish trend direction. IFurther bullish confirmation for a break above 6.00. The target price is set at 6.50 (just below its 50% Fibonacci retracement level). The stop-loss price is set at 5.00. The 200-day simple moving average might act as major support. Remains a risky trade.
A price action above 25100 supports a bullish trend direction. Further bullish confirmation for a break above 25800. The target price is set at 26800 (its 23.6% Fibonacci retracement level). The stop-loss price is set at 24100 (its 78.6% retracement level). Testing its 200-day simple moving average, which might act as major support.
A price action above 640 supports a bullish trend direction. Increase long exposure for a break above 675. The target price is set at 714. The stop-loss price is set at 610. Notice how the 200-day and 200-week simple moving averages act as confluence support. Remains a risky trade.
A price action above 141 supports a bullish trend direction. Increase long exposure for a break above 150. This level is also the 61.8% Fibonacci retracement level. The target price is set at 163 (its 78.6% Fibonacci retracement level). The stop-loss level is set at 129 (just below its 38.2% retracement level). It will appear that a falling wedge pattern is busy...
A price action above 56500 supports a bullish trend direction. Further bullish confirmation for a break above 58100. The first target price is set at 59800. The second target price is set at 62800. The stop-loss price is set at 55300. The 200-day simple moving average might act as major resistance. Remains a risky trade.
A price action above 0.6090 supports a bullish trend direction. Further bullish confirmation for a break above 0.6110. The target price is set at 0.6135 (its 38.2% Fibonacci retracement level). The stop-loss price is set at 0.6070 (its 50% retracement level). The 200-day moving average is serving as a significant support level. Notice how the price action...
A price action above 82.00 supports a bullish trend direction. Bullish support for a break above 85.00. The target price is set at 88.00 (the upper range of the broadening top pattern). The stop-loss price is set at 80.00. Remains above its 200-day simple moving average. The broadening top pattern indicates a rise in the volatility factor.
A price action below 38.00 supports a bearish trend direction. Further bearish support for a break below 38.00 as well. The target price is set at 35.00 (its 61.8% Fibonacci retracement). The stop-loss is set at 40.00 (close to its 200-day simple moving average). A double top pattern or M-Top pattern might unfold. Remains a risky trade.
A price action below 93.00 supports a bearish trend direction. Crossing below 92.00 will strengthen the case for a further decline. The target price is set at 88.00. The stop-loss price is set at 97.00. The MACD (lower panel) highlight a bearish crossover that will support a change in sentiment from bullish to bearish. Remains a risky trade.
A price action below 371.00 supports a bearish trend direction. Increase short exposure for a break below 367.00. The target prices are set at 357.00 and 351.00. The stop-loss is set at 380.00. Breaking down the 23.6% Fibonacci retracement at 361.00 might trigger such downside potential.