Intercept of MACD aligning with price movement on each intercept crossover, results a mimicking of price action, E.g.break below stabilisation levels of 1122.35-1124.50 targets 1046-1052$ bottom level support. Investors should be cautious to buy below stabilisation ranges however would be worth a buy for a bounce off support trade 1150-1175 if some market force repels this downwards movement.
However the regression trend shown in the chart signifies a potentially neutral stance but with more weight on the downside.
Targets on the downside = 1124.5,1122.35,1080.1049.5
Target on the upside= 1174,1204,1230
All Long Term Outlook Scenarios
However the regression trend shown in the chart signifies a potentially neutral stance but with more weight on the downside.
Targets on the downside = 1124.5,1122.35,1080.1049.5
Target on the upside= 1174,1204,1230
All Long Term Outlook Scenarios
