Today SYF was on the bull surge in the morning and was attacking 0.70 but unfortunately there was a big resistance at 0.70 where about 5000 lots was place at 0.70 to sell. Due to the weak buying force, the price began to retreat where it started
Minute Chart on September 10
Indicators
1 ) Trendline - Above the bullish trendline (Bullish)
2) Support/Resistance - formed Higher Low ( Bullish)
3) MACD - Bearish and let waits for 4R1G to bullish reversal
4) RSI - At Overbought and retracing to test the 70% ( Slightly Bearish) if break this level will confirm bearish
5) STO - At Overbought mode. if Break below 80% it will indicate Bearish
6) Ichimoku - a) Above support cloud (Bullish).
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick - Formed Doji Star (Click here to understand more) ( Bearish)
Conclusion:
Bullish
If break above 0.7 and 0.73
Next Resistance at 0.73/0.745 / 0.76 /0.8
Support at 0.645 / 0.62
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