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The currency pair is in a trendless inclination.
Chart analysis also seems to suggest the possibility of a secondary bearish and bullish retracements at the support line and at the resistance zone related with Pivot Point in W1, this can suggest that the zone between this R2, S2 of Pivot Point in W1 can be considered as a possible trendless objective. This trendless Area could be a suggestion for the forecast of the technical analysis
Slope of the Linear Regression indicator, the MFI and the configuration of the Parabolic Sar seem to support the trendless tendency.
Intercept of the Linear Regression and the Regression Channel of the Small tf indicates the slightly bearish tendency of the currency pair.
The macro-economy releases could suggest a trendless behavior, not indicating a predominance of one.
In this context can be a key level price the secondary support zone around the Regression Channel level that could create a trendless zone of forecast.
A bullish or a bearish crossing of the Regression Channel of the Big Tf can validate a significant bullish or bearish domination.
FIGURE 1 indicates the Parabolic Sar, the MFI, the LRS, LRI and the tendency in the Big TF.
Chart analysis also seems to suggest the possibility of a secondary bearish and bullish retracements at the support line and at the resistance zone related with Pivot Point in W1, this can suggest that the zone between this R2, S2 of Pivot Point in W1 can be considered as a possible trendless objective. This trendless Area could be a suggestion for the forecast of the technical analysis
Slope of the Linear Regression indicator, the MFI and the configuration of the Parabolic Sar seem to support the trendless tendency.
Intercept of the Linear Regression and the Regression Channel of the Small tf indicates the slightly bearish tendency of the currency pair.
The macro-economy releases could suggest a trendless behavior, not indicating a predominance of one.
In this context can be a key level price the secondary support zone around the Regression Channel level that could create a trendless zone of forecast.
A bullish or a bearish crossing of the Regression Channel of the Big Tf can validate a significant bullish or bearish domination.
FIGURE 1 indicates the Parabolic Sar, the MFI, the LRS, LRI and the tendency in the Big TF.
