Trading Idea - COFFEE, 28-03-2023 | IFCM Tanzania
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Trading Idea - COFFEE, 28-03-2023

Trading Idea - COFFEE, 28-03-2023

Trading Signal: #C-COFFEE

OrderBuy
DirectionBullish
PatternTrading in upward channel
Interval1 hour
Length (Candles)4

Idea Summary


The medium term COFFEE price forecast is bullish. The COFFEE price is declining to test the lower bound of upward trading channel. Most likely the price will reflect off the lower bound while there is a likelihood it may continue falling and break below the lower boundary.

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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