Short
EURO Futures Possible Trend Reversal
The technical factors for a reversal at this point are:
1. Volume spike a few days ago.
2. The recent high is at R2 yearly pivot
3. There is a divergence on the 3/10 oscillator and its slow line
So with this, all these timing factors are lining up...
1. Gold - reversal to short side
2. US Dollar Index - reversal to the upside
3. Yen futures - reversal to the downside
4. US Bonds - reversal to the downside
See previous charts. This is an interesting juncture in time and one to watch carefully.
1. Volume spike a few days ago.
2. The recent high is at R2 yearly pivot
3. There is a divergence on the 3/10 oscillator and its slow line
So with this, all these timing factors are lining up...
1. Gold - reversal to short side
2. US Dollar Index - reversal to the upside
3. Yen futures - reversal to the downside
4. US Bonds - reversal to the downside
See previous charts. This is an interesting juncture in time and one to watch carefully.
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.
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.