IMDB
Should retrace before going short.
It hasn't been able to break through this level for last 20 years, today it arrived at the same intersection. Will this month be the month for Nikkei to set new limits, or will it most likely face same fate as it did in the past 20 years?
US dollar is sitting inside monthly demand zone after several attempts to go lower. Though still in a down trend, could it be close to turning around?
Test failed at previous. Also pair showing signs of weakness as it's failing to rise up on more than one occasion now.
Hit previously proven support line after a bit short.
Reached monthly/weekly/daily resistance levels.
Reached previously established support level.
Tested the bottom few times, plus GBP been way overbought.
Looking at the pattern weekly pattern on NZDCHF looks to be an opportunity for a long term long.
Is it going to reverse next week or is it time for a long term trend change?
They usually move together
Since July, US Dollar index has been in price divergence. Price action showing signs as well. Is it possible that turn around is coming on Weak US dollar
Another divergence is taking place, possible big drop, last one was 110+ pips
Big divergence is making it self visible.