HELLO
The decline of the MA7 and its intersection with the MA20 gave a signal to everyone about the decline in the dollar's strength, thus giving a new impetus to the markets. This is true, but it should have crossed with the EMA50 and held below it to be sure.
-The EMA50 is often a strong support line that the price bounces off of, and this is what happened today and this was reflected on the markets.
- Entering now is a big risk, completing a retracement, this means more decline... and a breakout means a recovery for the markets.
The decline of the MA7 and its intersection with the MA20 gave a signal to everyone about the decline in the dollar's strength, thus giving a new impetus to the markets. This is true, but it should have crossed with the EMA50 and held below it to be sure.
-The EMA50 is often a strong support line that the price bounces off of, and this is what happened today and this was reflected on the markets.
- Entering now is a big risk, completing a retracement, this means more decline... and a breakout means a recovery for the markets.