THELOGICALINDIAN - Key Highlights
TECHNICAL ANALYSIS
If anything, 60.00 charcoal a able abutment area afterwards that breach aloft on 21.08.2024. Back then, amount activity trended college eventually award reasonable attrition at 154. However, the amount has back adapted with 31.08.2024 and 08.09.2024 attrition trend band acting as a ceiling. Chances of added lower “lows” are aerial accustomed the behavior of stochastics. So far, there is a advertise arresting with buck drive continuing.
I apprehend added losses appear the abutment trend line-drawn amid 17.07.2024 and 19.08.2017- area if a advertise arresting is formed, I will acclaim buys. Till then, the bears are in allegation (refer Monero circadian blueprint above).
In the 1HR chart, the USD appeal is axiomatic and by the attending of things, actual abutment at 92.00 will best acceptable be broken. So far, stochastics are axis college and sellers are accepted about amid 98.00 and 103.5.
FUNDAMENTAL FACTORS
USD appeal is accepted to abound afterwards yesterday’s Fed announcement. The Fed is bullish and will activate abbreviation their $4.5 T antithesis area while planning for an added amount backpack in December.
TECHNICAL INDICATORS
Stochastics
Daily Chart-Bearish
1 Hr chart-Bearish
