Market analysis on 10.9
Looking at the four-hour line, the K-line has been pulling up and down on the mid-track line. It was oscillating for a longer period of time yesterday. Then a big negative line fell with inertia and was not sustainable. The bulls also quickly regained their lost ground and took action in the short term today. It can slow down slightly, and there is no breakthrough in the previous low, indicating that the support below is still relatively strong and effective, and there has been a trend from weak to slightly stronger. In the short term, the overall situation is still in a range oscillation, and the green energy column of short sellers has also appeared. Shrinking, the third line of the Kdj indicator has an upward trend, and the current currency price is running at a low level, so our thinking remains unchanged and we can just keep it low and long.
Lao Peng’s morning suggestions:
You can open near 27800 - look at 28500 - just defend 27500
Looking at the four-hour line, the K-line has been pulling up and down on the mid-track line. It was oscillating for a longer period of time yesterday. Then a big negative line fell with inertia and was not sustainable. The bulls also quickly regained their lost ground and took action in the short term today. It can slow down slightly, and there is no breakthrough in the previous low, indicating that the support below is still relatively strong and effective, and there has been a trend from weak to slightly stronger. In the short term, the overall situation is still in a range oscillation, and the green energy column of short sellers has also appeared. Shrinking, the third line of the Kdj indicator has an upward trend, and the current currency price is running at a low level, so our thinking remains unchanged and we can just keep it low and long.
Lao Peng’s morning suggestions:
You can open near 27800 - look at 28500 - just defend 27500