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Chart Scale: Weekly, Monthly
Support/Resistence Area
Indicator Used: BB, CCI EM 200
ATR: 365 Pips
Pair Analysis:
In the Monthly Chart we have a divergence of CCI and Price it could mean that the pair reverses from higher, it made also an higher low, However the ATR is fallen which means, the Volatility don't confirm it. the Atr has to rise to confirm any reverseal. On the weekly Chart, the Price slightly rose I expect to reach the 200 EMA in the next weeks.
Monthly Chart:
Weekly Chart:
Support/Resistence Area
Indicator Used: BB, CCI EM 200
ATR: 365 Pips
Pair Analysis:
In the Monthly Chart we have a divergence of CCI and Price it could mean that the pair reverses from higher, it made also an higher low, However the ATR is fallen which means, the Volatility don't confirm it. the Atr has to rise to confirm any reverseal. On the weekly Chart, the Price slightly rose I expect to reach the 200 EMA in the next weeks.
Monthly Chart:
Weekly Chart: