USD is now bullish
The USD has given a couple of bullish signals and these are:
1. A higher high and breakout close of the highest close in the last 10 candles;
2. the MACD is turning up, crossed up the signal line too;
3. the VolDiv is beginning to turn upward and significantly turned up (white dot trigger);
4. The higher high and higher low pattern to bottom out of a downtrend had just happened, although a bit later than projected (points 1 to 5). Look forward to a higher high surpassing 106.62 and its a clear bull primary trend.
105.62 is the upside target. Then possibly 101 the downside target.
Heads up!
ps. There is something about the spike in the USD... a combination of Powell talk and the Feds raising interest rates, with a equity market panic attack. Note the imminent latter.
This also affects a lot of other plays, Gold and Crude oil, for example. Crypto may be affected but Bond rates and prices definitely!
1. A higher high and breakout close of the highest close in the last 10 candles;
2. the MACD is turning up, crossed up the signal line too;
3. the VolDiv is beginning to turn upward and significantly turned up (white dot trigger);
4. The higher high and higher low pattern to bottom out of a downtrend had just happened, although a bit later than projected (points 1 to 5). Look forward to a higher high surpassing 106.62 and its a clear bull primary trend.
105.62 is the upside target. Then possibly 101 the downside target.
Heads up!
ps. There is something about the spike in the USD... a combination of Powell talk and the Feds raising interest rates, with a equity market panic attack. Note the imminent latter.
This also affects a lot of other plays, Gold and Crude oil, for example. Crypto may be affected but Bond rates and prices definitely!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.