Evening Analysis on 8.22
Suggestions
Main Currency: Fluctuating around 111800-110600, target 114000-115000
Secondary Currency: Fluctuating around 4255-4180, target around 4330-4450
After oscillating at a high level, the main currency experienced a rapid decline today. The logic behind this sudden drop is intriguing: is it a preparation for a push higher after the evening news settles, or a continued rebound influenced by the 'Black Friday' market sentiment? Currently, there are no clear signals.
From a technical perspective, the current RSI has fallen into the oversold zone, indicating a potential demand for a short-term rebound. Evening operations should focus on the key support level of 111900; if this level fails and the rebound is weak, it is necessary to adjust the strategy in a timely manner to avoid risks brought by further declines; if the support holds, we can observe the subsequent volume and news coordination to assess whether there is potential for a corrective rebound.
