On the last day of the Tem Ber Crash, the bears made a great effort, and the mid-short position scored more than 2,000 points in the evening. The market opened lower and rose higher, but the currency price did not.
Looking at the current market, the monthly line has closed positively with a long shadow and three Bollinger Bands pointing up. The monthly line has fluctuated between negative and positive for seven consecutive months. There is no clear trend! The daily line has closed twice in a row, and the morning closing line has a slightly lower shadow. The currency price did not touch the mid-line during the retracement. The KDJ and MACD indicators in the attached figure are showing a downtrend. The upward trend of the daily line has not been broken yet. So don't be too pessimistic at this time!
From the four-hour perspective, the upper Bollinger Band began to close. After the currency price broke the lower line, it began to close above the lower Bollinger Band in the morning. up at the low. Double MACD This line also shows signs of turning up at lows. Overall, the short position has not been extended, and the US stock market opened lower and rose higher! So for today's action, Conan recommends watching the recovery first! If there is a signal of stagnation, step in and short! The pressure above is focused on 64500, 65500 and 66500, the support below is focused on 62500 and 62000
Recommended strategy: buy near 63000, defend below 62300, target 63800-64200-64500
Wishing everyone a prosperous new month and successful trading
