4-hour timeframe
Technical data:
Senior channel linear regression: direction - up.
Junior channel linear regression: direction - up.
Moving average (20; smoothed) - up.
CCI: -77.0289
Explanation:
The nearest support levels:
S1 - 1,2878
S2 - 1,2817
S3 - 1,2756
The nearest resistance levels:
R1 - 1,2939
R2 - 1,3000
R3 - 1,3062
Trading recommendations:
Aside from the technical aspect, traders should also consider the fundamental data and their scheduled releases.
Explanation of illustration:
Senior channel linear regression - blue lines unidirectional movement.
Junior channel linear regression - purple line unidirectional movement.
CCI - blue line in the indicator window.
Moving average (20; smoothed) - blue line on the chart.
Murray levels - multicolored horizontal stripes.
Heiken Ashi - the indicator bars coloring in blue or purple.
