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Short-term currency analysis

1. Trend:

The current price (0.1370) shows a decline after a clear rise earlier.

Resistance is around the 0.1450-0.1550 level.

There is a potential bearish crossover between the moving averages (MA) (blue and yellow), indicating a weakness in the short-term upward momentum.

2. Volume indicators:

There is good trading activity, but the current volume does not seem high, which may reflect the hesitation of buyers at current levels.

3. Relative Strength Index (RSI):

The RSI at the level of 46.77 indicates a near-neutral position, which means there is no clear overbought or oversold condition.

4. Market Supply and Demand:

There is a clear bias towards selling (71.26% vs. 28.74% for buying), indicating greater selling pressure at the moment.

Forecast:

If the selling pressure continues, the price may decline towards the next support level (0.1300-0.1250).

If the price manages to regain the upward momentum and break 0.1411 (the moving average), it may re-target higher levels.

Conclusion: The current trend is bearish in the short term, with greater selling pressure. It is advisable to closely monitor the support and resistance levels with any reversal signals in the technical indicators.

DOYR

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