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Категория: Breakdown of the forex level

Forexpros usd/myr live chart

Breakdown of the forex level 31.01.2021

forexpros usd/myr live chart

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Once price can close above, we could expect it to continue its upside target to 4. On the way to its upside, price is expected to face bearish pressure at 4. However, H8 target is only around 4. This is for personal work record purposes Nevertheless, it is now bouncing higher to continue its triangle breakout target to around 4.

It has now bounce back near the descending trendline resistance. We could expect price to face bearish pressure and drop lower to MA support around 4. This is for personal record purposes only, not financial advise or solicitation of trade. We could expect a short-term bounce to 1st Resistance at 4. On the H8, price closed below the 20EMA and is now at support. With the bearish momentum, we could expect price to drop further to 1st Support at 4.

Stochastic also have pulled back from resistance. Long shadow candles appear on the daily chart. Well, before you say anything, yes the candle isn't close yet, but it's a pretty good exchange rate. If you had earned from trading and the denomination is in USD, it is a good time to withdraw some profits. Get started. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions.

The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances. The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.

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    1. Dusar
      02.02.2021 10:45

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