BRENT.CMD/USD 4H Chart: Guided by 50-hour SMA - Trade Pattern Ideas - Dukascopy Bank
Wed, 10 Apr 2019 06:26:13 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Sell
RSI(14)
Neutral
Sell
Neutral
Stochastic(5;3;3)
Neutral
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Neutral
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇒
⇒
The Brent crude oil prices have appreciated about 3.49% in value against the US Dollar since last week's trading session. The pair tested a resistance level at 71.45 during yesterday's session.
Most likely, the BRENT.CMD/USD pair will make a retracement down towards a support cluster formed by the weekly R1 and the 50-hour simple moving average at 69.50 during the following trading sessions.
If the support cluster holds, the community will aim for the 75.80 mark in the nearest future.
Meanwhile, technical indicators flash strong buy signals on the daily time-frame chart.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.