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سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

17.11.202321:12 Forex Analysis & Reviews: Technical analysis on XRPUSD for November 17th, 2023.

Exchange Rates 17.11.2023 analysis

Blue lines- Fibonacci retracement levels

Green line- major support trend line

XRPUSD is trading around $0.60 after making a pull back close to $0.5855. Recently price made a new high with a failed candlestick forming a shooting star bearish candlestick pattern. We warned that a pull back will follow. Price from $0.74 has already retraced more than 50% of the entire upward move from $0.47. Key Fibonacci support is found at $0.5766. At the 61.8% retracement we usually see trend reversals. The RSI has still not reached oversold levels, but this is not necessary for an upward reversal. Price made a low close to the 61.8% retracement today. The next couple of sessions are very important as it will be decisive if we turn upwards or move lower towards the green major support trend line.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

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