Weekly chart, the Special Drawing Right (XDR) is about to complete chart patterns V and Triangle The targets will be 1.443 then 1.556, after crossing resistance 2 line. Technical indicators MACD and RSI are positive. RSI is in over-bought area, which signals a near resistance.
Im not bullish, bearish, or neutral. It all depends on what the timeline is. Short term, bearish; - 5 waves up complete, - strong rejection of the bulls shown in long wicks up, - I would call strong bearish divergence on daily RSI (several peaks show declining RSI peaks while price has been rising), - A strong recent rally in USD. indicates that a correction is...
GU Decline from end of June 2014 is not complete. Currently correcting October 2016 low. Price clearly rejected from the channel above 1.242 - Loud bully silenced with the snow shovel. Regardless of the outcome of the Parlament vote and deliberation - Brexit means Brexit. CBE contributions to ECB have been suportive to/of the £. It is highly likely that it will...