Analyst
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 27481 with take profit at 27807.
Alternative scenario: Sell position is envisaged if price trades below 27320 with take profit at 27101.
CB Consumer Confidence (USD) 3.00 pm
Comment: On the H1 we see the instrument has been on a buy binge and retraced a bit, I believe the instrument should buy further, looking at the D1 we see that the instrument touched the 200 EMA on the daily, and has been buying for 2 days, so bullish trend should be in place for this instrument.
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 0.71133 with take profit at 0.71405.
Alternative scenario: Sell position is envisaged if price trades below 0.70965 with take profit at 0.70609.
CB Consumer Confidence (USD) 3.00 pm
Comment: On the H1 we see the instrument broke a resistance zone and it is heading to the next resistance, looking at the trend with the 50 EMA we see that the trend is turning into a bullish trend and a buy is in place for now. Strong consumer confidence could deter the upward movement for today, but if the expectation is not meet a strong buy should be in place.
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