On the daily time frame, the #price has fallen during the previous periods until it reached an area of overselling, and this is evident in most of the indicators.
On the #Bollinger Bands indicator for the same time frame, we notice that the price is #trading at the lower band of the indicator and we find that it has formed a clear bullish candle.
On the same time #frame, by plotting #Fibonacci, we notice that the price has reached the 50% level, but it was unable to break through the level and has started to rebound from it.
Also, on the same time #frame, we find that the #RSI indicator has touched the 30 level, and although this is not a strong signal for a #reversal, the rest of the indicators give a clear signal for an imminent bullish correction, and this is what the Forex Trade Time #analysts team prefers, and buying opportunities will be #strong during the coming period.
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