FR40, Daily
In the Daily timeframe, FR40 has formed a descending channel pattern. Price is testing the upper trend line, and +DI crossed up -DI on ADX, and Momentum is also above 100.0
- FR40 buying can be considered on a trendline break above 7325 with a target up to 7500;
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: Egor Schmidt
