After rebounding from 1.4078 to 1.4361, The cable came again under pressure to retreat for trading currently near 1.4225.
The cable rebound made its daily Parabolic SAR (step 0.02, maximum 0.2) below the trading rate for the third consecutive day reading today 1.4084.
The cable daily RSI-14 is still into its oversold area below 30 reading now 25.911, while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in neutral region reading 59.320 and also its signal line which is reading now 51.600, after a shy try to fix its oversold stance has been limited by reaching 1.4361.
Important levels: Daily SMA50 @ 1.4814, Daily SMA100 @ 1.5065 and Daily SMA200 @ 1.5285
S&R:
S1: 1.4078
S2: 1.40
S3: 1.3844
R1: 1.4338
R2: 1.4474
R3: 1.4643
Have a good day
Walid Salah El din
Chief Tech Analyst of Trade-24
The cable rebound made its daily Parabolic SAR (step 0.02, maximum 0.2) below the trading rate for the third consecutive day reading today 1.4084.
The cable daily RSI-14 is still into its oversold area below 30 reading now 25.911, while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in neutral region reading 59.320 and also its signal line which is reading now 51.600, after a shy try to fix its oversold stance has been limited by reaching 1.4361.
Important levels: Daily SMA50 @ 1.4814, Daily SMA100 @ 1.5065 and Daily SMA200 @ 1.5285
S&R:
S1: 1.4078
S2: 1.40
S3: 1.3844
R1: 1.4338
R2: 1.4474
R3: 1.4643
Have a good day
Walid Salah El din
Chief Tech Analyst of Trade-24
The cable shy try to fix its its oversold stance has been limited by 1.4361
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