A once tight channel was broken down this month on Dec 3 and @ 6:00 a.m unable to drop below 20 RSI. The significance of this is that 
USD is slowly (5% over 70 days) approaching historical resistance. The most recent peaks forming a lower high while RSI is increasing favors a bullish Kumo bounce despite this, the zone depicted is where I'll be watching for the trend to either continue or breakdown.
USD is slowly (5% over 70 days) approaching historical resistance. The most recent peaks forming a lower high while RSI is increasing favors a bullish Kumo bounce despite this, the zone depicted is where I'll be watching for the trend to either continue or breakdown. Nota
Upon looking at this further I'm going to update this to a potential short because of the same peak formation causing the original channel break. I dont feel the channel lines are respected enough to draw conclusions off from the upper boundary break. The other supporting factor being the Kemo previously forecasting a trend reversal for a short time.Nota
If price breaks 1.33020 a short to previous supports would prove opportunistic.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.