The counter is currently in range bound movement in the short-term charts.
The MACD indicator is also showing signs of great negativity in the counter.
Hence, we expect the pair to be bearish in the short-term.
For the subscribers to Key Hidden Levels:
Background info on the chart: Green arrows with lines to the right are "earnings releases" which I call "key hidden levels". The "volume profile" begins from the Presidential Election.
The red line near the bottom is the RgMov indicator (Range-Movement).
TREND: Determine the trend. The trend is when RgMov is...
The S&P500 has a pattern that is extremely interesting.
I've devised an indicator I call Range-Movement, which I say Range-Move and shorten to RgMov on the chart below. It measures the way the market is moving and compares ranges to ranges, side-by-side. It also gives very interesting indications of TREND and sometimes more importantly it shows the level of...
