The dollar, after ending the month of December, has formed an evening star formation in the monthly chart.
The MACD base on the Daily chart is also trading below 0 on the verticle scale, signalling for more bearish movement to come.
The price is now retracing upwards and we can assume that it will resume falling as it retraces back to the 96.5 region.
The MACD base on the Daily chart is also trading below 0 on the verticle scale, signalling for more bearish movement to come.
The price is now retracing upwards and we can assume that it will resume falling as it retraces back to the 96.5 region.
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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.