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Technical Market Outlook and Review for 24 January
Early London on Monday observed price whipsaw above the $1.09 handle, reaching a peak of $1.0927 before erasing earlier gains and touching gloves with the upper edge of the H1 consolidation between $1.0780 and $1.0868 (active since 12 January). The run of orders above $1.09 is interesting, due to the location that the currency pair is positioned on the weekly and daily timeframes. The research team noted the following in recent research concerning the bigger picture (italics): The weekly timeframe has been entrenched within a downtrend since topping in 2021 and the pullback off the late September lows at $0.9536 ... (full story)
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- Jan 24, 2023 6:57am Jan 24, 2023 6:57am
- Throjan007
- | New Member | Status: Junior Member | 1 Comment
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- Posted: Jan 23, 2023 10:30pm
- Submitted by:Category: Technical AnalysisComments: 1 / Views: 496
