* The current scenario the two moving averages are bullish. * The MACD oscillator begins to cross to confirm bullish momentum.
The price has followed a pattern of behavior that has been faithfully respected. We expect a cross in MACD and more intention to want to go up.
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On previous occasions the MACD oscillator has worked very well, in this case the price is already rebounding and it seems to be supporting the averages to change the direction from bearish to bullish.
Relative strength with intentions to continue the uptrend.
You may go higher to take short positions.
The previous bullish momentum should have a more pronounced correction. If we apply Fibonacci levels we can expect targets of 0.5 or 0.618
Since 2012 it has lost -50% of its value. When it starts to make increasing minimums and maximums we will begin to take long positions.
The uptrend continues, it can be seen how the MACD oscillator wants to cross higher and confirm the trend.
The trend continues strongly bearish, the price made a strong support and perhaps in these scenarios there will be some bullish recovery.
In previous episosdios the bearish crossover of the MACD worked, we can be seeing another similar episode.
* The index has proven to be a faithful follower of the MA50, as long as the price is not below it, it will not indicate that we have to open short positions, however high we see the price we must follow the trend and adjust the stop losses. * MACD reaching bubble levels dot com
Strongly bearish trend caused mainly by fundamental news between the disputes between Russia and Saudi Arabia caused the price of WTI to plummet and spread to Brent. The future of the WTI with maturity in May was trading negative for the first time in history, reaching -40.32 USD/barrel. Brent's futures contracts were not affected since the liquidation of the same...
The dollar index is between: * The long-term horizontal resistance * The medium-term support of the MA50
* bearish channel and bounce at the bottom of it. * The trend is strongly bearish. If the bullish divergence is not confirmed, the possibilities of a change in trend will be nullified.