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[XPD/USD]
Although a Bearish Divergence has appeared between the RSI and XPD/USD price, but with both EMAs still in a Golden Cross configuration, the strengthening bias appears to continue.
Key Levels
1. Resistance. 2 : 2125.23
2. Resistance. 1 : 2074.02
3. Pivot : 1988.69
4. Support. 1 : 1937.48
5. Support. 2 : 1852.15
Tactical Scenario
Positive Reaction Zone: If the price breaks above 2074.02, there is a possibility to test 2125.23.
Momentum Extension Bias: If 2125.23 is broken, XPD/USD may be headed toward 2210.56.
Level Invalidation / Bias Revision
The upside bias weakens if XPD/USD falls and breaks below 1852.15.
Technical Summary
EMA(50) : 2046.75
EMA(200): 1964.44
RSI(14) : 58.09 + Bearish Divergent
Economic News Release Agenda:
Tonight from the United States the following economic data will be released:
US - Core Durable Goods Orders m/m - 20:30 WIB
US - Durable Goods Orders m/m - 20:30 WIB
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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