#NFPWatch ๐ Indicators Analysis:
๐ Price & EMA (7, 25, 99):
EMA(7) = 108,109.79
EMA(25) = 108,242.79
EMA(99) = 108,228.18
โ The price ($108,046) is below all EMAs, which typically indicates bearish momentum.
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๐ MACD:
DIF (MACD line) = -153.61
DEA (Signal line) = -223.06
MACD Histogram = +69.46 (positive)
โ While MACD histogram is turning positive (which is slightly bullish), both the DIF and DEA are negative, suggesting the market is still recovering from a bearish trend.
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๐ป RSI (6):
RSI = 46.55
โ RSI is below 50, meaning no strong buying momentum yet. It's in a neutral to slightly bearish zone.
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๐ Volume:
Volume is relatively low and not spiking, meaning there is no strong buying pressure.
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๐ Conclusion:
The market is currently in a weak recovery phase.
Short-term trend: Neutral to Slightly Bearish
There is no strong bullish confirmation yet (price still under all EMAs, weak volume, RSI < 50).
If price breaks above 108,250+ with volume, a bullish reversal may start.
Until then, the dominant sentiment remains bearish.