Price is holding below the 200period MA and below the descending trendline resistance showing a bearish momentum continuation. Price is expected to push down to up to the 1st Support in line with the 61.8% and 78.6% Fibonacci extension . This bearish bias is further supported by the stochastic indicator, K% line is bounced away from the resistance level and is expected to ride downwards.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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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.