BRENT/USD 4H Chart: Likely pullback towards 80.52 - Trade Pattern Ideas - Dukascopy Bank
Fri, 28 Sep 2018 06:16:55 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD (12; 26; 9)
Buy
Buy
Buy
RSI (14)
Neutral
Sell
Neutral
Stochastic (5; 3)
Neutral
Neutral
Sell
Alligator (13; 8; 5)
Buy
Buy
Buy
SAR (0.02; 0.2)
Sell
Buy
Buy
Aggregate
⇗
⇒
⇒
BRENT.CMD/USD has been appreciating in an ascending channel since the middle of August after the pair reversed from its bottom boundary of the channel pattern at 72.00.
Given that technical indicator on both the daily and the weekly time frames still remain bullish, it is likely that the pair continues trading in the one month ascending channel within the coming days.
However, it is expected that the BRENT.CMD/USD pair makes a brief pullback towards a support cluster formed by the monthly and the weekly PPs near the 80.52 mark during the coming trading sessions.
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