Trading Idea - Orange Juice, 30-03-2023 | IFCM Tanzania
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Trading Idea - Orange Juice, 30-03-2023

Trading Idea - Orange Juice, 30-03-2023

Trading Signal: #C-ORANGE

OrderSell
DirectionBearish
PatternTrading in upward channel
Interval4 hours
Length (Candles)3

Idea Summary


The medium term ORANGE price forecast is bearish. The ORANGE price is rising to test the upper bound of upward trading channel. Most likely the price will reverse advancing and reflect off the upper bound while there is small likelihood it may continue rising and breach above the upper bound. 

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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