Mainstream currency market analysis
The Huamen market reappeared, with the lowest price reaching around 1620 in the evening, basically returning to last week’s rising point. Although it did not reach 1600, it was almost the same. The four-hour MACD indicator crossed downwards and KDJ reached 20 Nearby, the MA450 moving average suppresses the K line and falls downward. The upper resistance area is in the 1670-1680 range. It is recommended to mainly short the 1670-1680 rallies, with a target of 30 points or more.
The low point of the market is 1,300 points relative to the high point. Such an amplitude is not a simple washout, and there is no intention to stop the decline, so the decline speed is relatively fast. The K line runs near the middle track of the Bollinger Bands in the short term. The white market focuses on the support of 27300. If it cannot effectively stabilize, the market will still test 26700 and 26400. Combined with the clear dispersion of the moving averages of the market indicators, the previous short-term pull-up was too fast and the MACD indicator was dead cross. This wave is still a callback trend. It is recommended to short the market at 27600-27800, with a target of 26700, and a breakout of 26400.
The Huamen market reappeared, with the lowest price reaching around 1620 in the evening, basically returning to last week’s rising point. Although it did not reach 1600, it was almost the same. The four-hour MACD indicator crossed downwards and KDJ reached 20 Nearby, the MA450 moving average suppresses the K line and falls downward. The upper resistance area is in the 1670-1680 range. It is recommended to mainly short the 1670-1680 rallies, with a target of 30 points or more.
The low point of the market is 1,300 points relative to the high point. Such an amplitude is not a simple washout, and there is no intention to stop the decline, so the decline speed is relatively fast. The K line runs near the middle track of the Bollinger Bands in the short term. The white market focuses on the support of 27300. If it cannot effectively stabilize, the market will still test 26700 and 26400. Combined with the clear dispersion of the moving averages of the market indicators, the previous short-term pull-up was too fast and the MACD indicator was dead cross. This wave is still a callback trend. It is recommended to short the market at 27600-27800, with a target of 26700, and a breakout of 26400.