

The chart for suggests overall bullish tendencies in the current phase.
Momentum indicators align with price movement, hinting at further gains upon breakout confirmations.
The chart demonstrates a clear bullish trend from mid-January to late January, followed by a period of consolidation and slight volatility with sharp pullbacks and recoveries.
There's a noticeable bullish engulfing pattern around the end of January, indicating a potential reversal from a slight bearish pullback.
The recent candles show a breakout above the 0.705 level, signaling bullish momentum continuation.
The MACD line has just crossed above the Signal line, indicating a bullish crossover.
The histogram is transitioning into positive territory, suggesting increasing bullish momentum.
No significant MACD-price divergence is observed, suggesting alignment between price action and momentum.
There is an increase in volume accompanying the recent upward price movement, supporting the bullish trend.
No extreme volume spikes suggest immediate institutional activity, but steady increase aligns with price rise.
The volume considerably supports the ongoing bullish narrative, weakening bearish counteractions.
Primary support is seen around the 0.695 level, previously tested during pullbacks.
The next key resistance lies around the 0.710 level, which might test the current bullish strength.
Traders should monitor these levels for indications of potential reversals or confirmations of trend continuation.
Consider buying on pullbacks near the 0.705 level with a stop loss slightly below recent lows to protect against false breakouts.
Monitor for bearish candlestick patterns or a MACD crossover bearish signal near the 0.710 resistance for potential short opportunities.
Maintain positions if above the 0.705 level, watching for continued volume support.



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Secured By SSL. Copyright © Seekapa. All rights reserved. 2024
Company Information: This website (www.seekapa.com.com/) is operated by Bluepine Ltd, a Seychelles investment firm, authorised and regulated by the Financial Services Authority of Seychelles with license number SD183. Bluepine Ltd is located at Suite 205, 2nd Floor, Waterside Property Limited, Eden Island, Seychelles
Risk warning: Contracts for difference (‘CFDs’) is a complex financial product, with speculative character, the trading of which involves significant risks of loss of capital. Trading CFDs, which is a marginal product, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. CFDs traders do not own, or have any rights to, the underlying assets. Trading CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Please read our Risk Disclosure document.
Regional Restrictions: Bluepine Ltd does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.
Bluepine Ltd does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Bluepine Ltd is not a financial adviser.