*Signals updated before monday morning every week :)
My analysis for this week:
1)SIDEWAY, with more bearish pressure on it. Looking at the graph we can see price hitting the ema200 line again and closing the price below weekly pivot. Upward trend could be seen back if price touching 1.5343 line, and then breaking 1.5442. (hit 5442)
However, if price going back to 5189 and 5169 we can say that bearish trend is starting anc controlling the situation.
1)SIDEWAY. or neutral. Touching back 1.1377 is to retest back 1.14 and 1.1430 while hitting 1.0935 can be the 1st point for bearish trend. Graph must break 1.0883 and lastly 1.0815 to confirm this sliding trend.
(price touched 1377, retest 114 still possible)
1)UPTREND, for now. Price could be retest to 141 and then we can enter sell. Other option is enter sell on early monday and targeting the 139.30 line. (hit 139.3)
Signals above according to IKOFX graph.
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