Since May 2022 the asset has gone short, hiking within a channel.
We had the bullish channel exit when the US CPI had lower than expected values.
The 1780/1800 values are a resistance as well as the EMA200 causing there to be a slowdown in the valuation.
There is an expectation of a rise to 1807 again, but the analysis is based on a Short bet at 1615usd.
We had the bullish channel exit when the US CPI had lower than expected values.
The 1780/1800 values are a resistance as well as the EMA200 causing there to be a slowdown in the valuation.
There is an expectation of a rise to 1807 again, but the analysis is based on a Short bet at 1615usd.
Trade active
After reach Resistance 1807.00, turn to Short move, for testing again the lows at 1615.00Trade active
Testing again the 1815/1820 resistance. Short Trend is expect.
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Related publications
Disclaimer
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.