- The bullish divergence of the hourly chart relative strength index (RSI) validates the indecision in the marketplace - as indicated by yesterday's doji candle - and is calling a minor corrective rally to an immediate resistance of 1.3042.
- The primary trend remains bearish as the 5-day and 10-day moving averages (MAs) are trending sot in favor of the bears.
Spot Rate: 1.3002
Daily High: 1.3008
Daily Low: 1.2993
Trend: Intraday bullish
R1: 1.3019 (50-hour MA)
R2: 1.3042 (resistance as per the hourly chart)
R3: 1.3086 (100-hour MA)
S1: 1.2976 (previous day's support)
S2: 1.2962 (Aug. 7 low)
S3: 1.2887 (Aug. 28 low)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.