Bella's Trend Scalper
Date:22.03.2024
Time (GMT):23:47
TSC Trend Analysis
Short - Market Level :1.26574
Date:22.03.2024
TSC Trend:Short
Adjusted Reversal Level : 1.27324
Technical Report:
The sell-off that occurred yesterday morning in London suggests that the recent rally on Wednesday,due to Federal Open Market Committee (FOMC) interest rate announcement was just a pullback of a downtrend that started on March 08. This downtrend was confirmed by the support 1.27116 giving away, and cable tumbled to 1.26499 by London's evening. The Trend Following EMA (24) on the daily chart is providing resistance at 1.27128. The downside bias remains, and below 1.26360, there is a risk of weakness towards 1.26030. However, oversold conditions may keep the price above 1.2600 today. On the other hand, upside potential should be limited below a resistance 1.26824. Only above a chart resistance 1.27324 would abort the present bearish view and risk a gain towards 1.27500/1.27578 ( Monthly Resistance 1 ). Today's close is expected to be below 1.26539
Note:The above levels and Technical Analysis should not be confused with buy or sell signals.
Bella's Trend Scalper Pro beta v1.0 build 1.8 (14.03.2024)
Date:22.03.2024
Time (GMT):23:47
TSC Trend Analysis
Short - Market Level :1.26574
Date:22.03.2024
TSC Trend:Short
Adjusted Reversal Level : 1.27324
Technical Report:
The sell-off that occurred yesterday morning in London suggests that the recent rally on Wednesday,due to Federal Open Market Committee (FOMC) interest rate announcement was just a pullback of a downtrend that started on March 08. This downtrend was confirmed by the support 1.27116 giving away, and cable tumbled to 1.26499 by London's evening. The Trend Following EMA (24) on the daily chart is providing resistance at 1.27128. The downside bias remains, and below 1.26360, there is a risk of weakness towards 1.26030. However, oversold conditions may keep the price above 1.2600 today. On the other hand, upside potential should be limited below a resistance 1.26824. Only above a chart resistance 1.27324 would abort the present bearish view and risk a gain towards 1.27500/1.27578 ( Monthly Resistance 1 ). Today's close is expected to be below 1.26539
Note:The above levels and Technical Analysis should not be confused with buy or sell signals.
Bella's Trend Scalper Pro beta v1.0 build 1.8 (14.03.2024)
Goddess of Thunder..