A BIG chart for the coming week - the higher time frames need work to really get the USD bulls excited and price is still contained below the 5-day EMA. However, we've seen divergence (one of best impending reversal signals) playing out and a closing break of the bear channel puts the upside targets at horizontal resistance at 105.40 and possibly the 200-day MA
One to start at constructively when the momentum starts to build - but for now, the risk v reward is shifting for USD shorts, and the case for consolidation and potential upside seems to be building.
One to start at constructively when the momentum starts to build - but for now, the risk v reward is shifting for USD shorts, and the case for consolidation and potential upside seems to be building.
Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD
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Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.