5689921059#Currency_Analysis#توصيات_تداول

Current status: bullish with a possible correction soon

Detailed technical analysis:

1. Relative Strength Index (RSI):

Trading at levels 70-72, indicating that the currency is in an overbought zone, and prices may start to decline soon.

2. Stochastic RSI:

Indicates 95+, a very high level reflecting the overbought market.

3. MACD:

Shows a slight separation between the MACD lines and the signal line, reflecting weak upward momentum.

4. Bollinger Bands:

The price is very close to the upper limit of the Bollinger Band, which reinforces the idea of ​​a price correction towards the middle of the channel (at levels 1.16 - 1.20).

5. Trading volumes:

A significant increase in trading volumes shows traders' interest, but momentum may weaken soon.

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Recommendations for professionals:

If you own the currency:

Keep your current open positions, but make sure to place a stop loss at nearby support levels (1.15 or 1.10) to secure profits.

If you want to buy:

Wait for the price to drop to 1.16 - 1.20 levels before thinking about entering, as these levels represent strong support areas.

If you are thinking about selling:

Sell gradually at the resistance of 1.65 or if clear reversal signals appear on the small time frames.