TRX/USD chart - Trading View
Exchange - Binance
Support: 0.0293 (55-EMA); Resistance: 0.0325 (20-DMA)
Technical Analysis: Bias Neutral
TRON is extending decline from 11-month highs at 0.04156 hit on Jun 2nd trade.
The pair has slipped below 21-EMA and is holding support at 55-EMA at 0.0293.
Technical indicators have turned slightly bearish. Scope for weakness.
Stochs and RSI are sharply lower and 5-DMA has turned. RSI has slipped below the 50 mark.
Furthermore, a 'Bearish Engulfing' candlestick pattern on the weekly charts aids downside bias.
Break below strong support at 55-EMA opens up further downside.
Next major support lies at daily cloud at 0.0272 ahead of 0.0227 (rising trendline).
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
Bitcoin Holds the Line at 90k: Sideways Grind with an Eye on 100k Breakout
ETH Whales on Rampage: BitMine Snags 138K ETH as $3,000 Holds Firm – Bulls Gear Up for $4,000 Moonshot
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 



