Asian Indices delayed. US Indices updated twice daily at 7:30am and 7:30pm.
Update on supports and resistances.
|Short Term View
(Rise, Limited Rise, Consolidation, Limited Decline, Decline)
|Change In Short Term View||None|
|Medium Term View
(Bullish, Range, Bearish)
|Change In Medium Term View||None|
Our preference: Long positions above 1.62 with targets @ 1.8 & 1.87 in extension.
Alternative scenario: Below 1.62 look for further downside with 1.57 & 1.5 as targets.
Comment: the RSI is supported by a rising trend line.
While reasonable efforts have been taken to ensure that the calculations performed by the features of this site are reliable, the features are provided on the basis that:-