Orange Price Bias Is Still Bullish | IFCM UK

Orange Price Bias Is Still Bullish

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The #C-ORANGE price forecast in our May 14, 2020 technical analysis was bullish.

  • Market developments after #C-ORANGE,Daily May 14, 2020 technical analysis still indicate bullish bias.

#C-ORANGE,Daily closed 4.8% higher over two days on May 15, 2020 and is still gaining.

Here is what indicators show as of May 18, 2020:

  • The Parabolic Indicator gives a bullish signal.
  • The Donchian channel indicates uptrend: it is tilted upward.
  • The MACD indicator gives a bullish signal.
  • The RSI oscillator gives a neutral signal.
  • The Fractals give bullish signal.
  • The MA(200) Indicator gives a bullish signal.

So the bullish forecast still stands for the #C-ORANGE,Daily.

OrderBUY
Buy stopAbove 123.96
Stop lossBelow 112.80

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