ViclreTrade

ViclreTrade Updated 

Bearish clues: - EUR/GBP is at the resistance of the bearish channel - Rebound of the price on the upper band of the Bollinger Bands - 100 exponential moving average is breaking down - Relative Strength Index (RSI) < 50 Objective: EUR/GBP could decrease to the 0.85200 level, which corresponds to a historical oblique bullish resistance (in green) and the...

ViclreTrade Updated 

Bearish clues: - Coffee price have bounced off bearish channel resistance - The hourly uptrend line has been broke - Candlestick shows indecision at the top and the strength of the sellers Objective: Coffee could decrease to the 148.000 US level, which corresponds to a strong support zone, and then maybe to the 145.000 US level, which corresponds to the...

ViclreTrade Updated 

Bearish clues: - General downtrend since beginning of June (almost 1 month) - 21 exponential moving average still below 50 exponential moving average - Squeeze pattern on Bollinger Bands => explosion (generally in the direction of the trend - Price reached the middle of the Andrews' Pitchfork - Symmetrical triangle in a downtrend (continuation chartist...

ViclreTrade Updated 

Bearish clues: - Break of a double top in daily timeframe - Break of the support of the range at 16.75 USD, which corresponds to the 50% Fibonacci retracement of the huge market movement in February, 2021 and the neckline of the daily double top - Pulback on the support which became a resistance at 16.75 USD5 - 100 exponential moving average is breaking down -...