Last prediction was wrong, there wasn't a rebounce, and the range-bounding price pattern should be continuation.
By reading the weekly chart my feeling is $USD is hopeless in the intermediate and long term, since it is going down without looking back.
The daily chart doesn't look good either. The downtrend is clear, the question is when it can be reversed. In this chart, STO can stay below 30 for a few months, and oversold signal of RSI doesn't indicate a bottom either. In fact MACD makes more sense in this case. Therefore although both RSI and STO are very low, it is still very bearish and no sign of reversal can be seen.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment