A counter-movement could have started at the moment. However, the super trend still indicates the downward trend. Now the course could scramble up and take the counterattack. It is currently at a value of around 1.4 pounds sterling. The Money Flow Index is still neutral, but is still pointing downwards as a result of the downward trend. The relative strength index was last found in the oversold range towards the end of January.
Since December we have a downward trend in the 4-hour chart!
The Money Flow Index is here again in such a way that it has turned again before the oversold situation. This was due to the fact that the share price has moved slightly upwards again. Meanwhile, the RSI is also rather inconspicuous in the range around 50.
Is there a new trend in the hourly chart?
In the super trend, the characters are on an upward trend. However, the share price does not appear to be exactly secure in the market. The Money Flow Index exposes an overbought situation. In the relative strength index, one can observe how its line travels close to the overbought area and continues to be directed there.
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A post by Anna Hofmann.