Here's a technical perspective on the cable. The primary trend is down but the market mode is for an upside move.
On the weekly time frame, the market is respecting a downward trend; the major trend is still in play and not yet breached (chocolate colour) but the prevailing inner trend (navy colour) is still respected. However, the technicals support a market mode to the upside. Details on this and a few other pairs are on the weekly technical outlook.
Trade safe and prosper.
KP
On the weekly time frame, the market is respecting a downward trend; the major trend is still in play and not yet breached (chocolate colour) but the prevailing inner trend (navy colour) is still respected. However, the technicals support a market mode to the upside. Details on this and a few other pairs are on the weekly technical outlook.
Trade safe and prosper.
KP
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