NEOUSD is still under the relative neutral bias of the 1D Triangle ( ADX
= 12.107, Ultimate Oscillator
= 49.858). This is however approaching the Lower High resisting line of the 1W Channel Down ( RSI
= 37.006, MACD
= -11.677, Highs/Lows = -3.5196, B/BP = -13.7590). We expect a bearish
rejection on that point and a new Channel Down to emerge, so we remain short with TP = 8.78.