Still believe in the USD Weakness to come, this is why.
I have not used the MACD indicator for quite sometime, but this afternoon's discussion with a fellow trader made me look at MACD again today.
The USDollar Index is approaching the resistance trend line and at the same time, the MACD is showing us a bearish divergence. Price made a higher high, but the MACD made a lower high. As what all indicators do, they give us a probable indication of what is to come (remember nothing is certain).
Hence I am looking for trades with USD weakness
The USDollar Index is approaching the resistance trend line and at the same time, the MACD is showing us a bearish divergence. Price made a higher high, but the MACD made a lower high. As what all indicators do, they give us a probable indication of what is to come (remember nothing is certain).
Hence I am looking for trades with USD weakness
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