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Message: [QUOTE="Magician, post: 24408, member: 5330"] Hi Guys while trying to understand price, came across this example, and I hope some one can explain this. Eu-Us wkly we see price at mthly/wkly support, although below the 90SMA (green) and the 10 (white) & 30 (gold) EMA, we see price tried to close below 1.3039 but failed and close above. Eu-Us 1hrly now we see price is below 1.3039 and is at resistance, 90SMA is also creating resistance, we see price did brk the 90sma but retraced to the 30Ema, the 10 and 30 are mixing it up, price is sideways, although price is sitting above the 30ema this isn't confirmed as MacD hasn't really pushed above the zero line. So can we take from this that wkly price will brk the support it's sitting on, or will it bounce of and go long, ? :confused: 1st pic is the hrly Kind Regards Gary [/QUOTE]

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