Long position is a "buy" position, meaning that this position will be in profit if price goes up. There is no delivery in spot Forex market. Pepperstone - Free Account Funding.
The upside prevails, The break above 0. Key resistance at 0. The downside prevails, The RSI is bearish and calls for further decline. The upside prevails as long as 1. The RSI is above its neutrality area at The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs respectively at 1. Under pressure, The RSI calls for a drop.
The downside prevails, The RSI shows downside momentum. Under pressure, The pair has validated a Rising Wedge: The bias remains bullish, The pair is bullish channel in place since bottom. The downside prevails, The pair remains on the downside, challenging the lower boundary of a bearish channel in place since June. The downside prevails, As long as 0.
The bias remains bullish, The RSI shows upside momentum. The upside prevails, A support base at 0. Further advance, The pair has broken above a decline trend line in place since April. The upside prevails, The RSI is above The bias remains bullish, The pair has broken above the upper boundary of a bearish channel and remains on the upside.
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