Daily review and analysis of FXS charts

24 de dez. de 2023

According to the chart, we can see that the structure has changed from bearish to bullish. One of the signs of this is the creation of higher floors and the breaking of the resistance level around $7.118 and its high stabilization. which caused the level of demand to be created in this range. that when the price returns to the range of $7.118, you can enter into buying transactions and stay in the transaction until the specified target. And if the supply level of $13.556 is lost, we can expect higher targets. We must note that in the case of a close candlestick below the price range of $7.118, this analysis is invalid.