There has been a descending wedge forming since the last high. It appears to be testing the top of the wedge to confirm a breakout.
Bullish scenario takes it to .40-.45 (if market climbs)
Semi bullish scenario (market stays stable) 0.30-0.33
Bearish failure, drop to 0.20-25
Bullish scenario takes it to .40-.45 (if market climbs)
Semi bullish scenario (market stays stable) 0.30-0.33
Bearish failure, drop to 0.20-25
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.
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.