USDOLLAR index weekly review, trading plan for an upcoming week
Indeterminate direction of price as no clear signs has been given by the last quarter closure.
Last Quarter's close is above 5MA what gives a bit more power to bullish signals
Currently none of the major chart patterns appears (Quarter)
On a weekly chart we have a bearish chart pattern
Divergence with a current oscillator confirms the reversal pattern on a weekly chart, what gives support to momentum traders, and can possibly give a momentum to the price movement.
Will look for a bearish short term entry setup (based on weekly chart, this type of trade will be left open for a few days) at around 12050
Last Quarter's close is above 5MA what gives a bit more power to bullish signals
Currently none of the major chart patterns appears (Quarter)
On a weekly chart we have a bearish chart pattern
Divergence with a current oscillator confirms the reversal pattern on a weekly chart, what gives support to momentum traders, and can possibly give a momentum to the price movement.
Will look for a bearish short term entry setup (based on weekly chart, this type of trade will be left open for a few days) at around 12050