BRENT.CMD/USD 4H Chart: Aims for $70 mark - Trade Pattern Ideas - Dukascopy Bank
Wed, 20 Mar 2019 07:07:47 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Sell
Alligator(13;8;5)
Buy
Buy
Neutral
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇒
The 50-hour simple moving average has guided the BRENT crude oil towards a new 2019 high level at 68.21 during the last week. The pair appreciated about 3.05% in values during this period.
As for the near future, it is likely that the BRENT.CMD/USD pair will continue its upside movement and potentially aim for the $70 mark during the following trading sessions.
Meanwhile, technical indicators flash buy signals on both the smaller and the larger time frames chart.
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