Bearish confluence of technical trend indicators.
Increasing bullish confluence applicable.
💡 A sudden bullish bias is applicable above 50173. Pivot point (trend change) at 50173 and hence is a bullish bias applicable. Upside target (most likely): 51610. Downside target (least likely): 48735.
the 200-day might act as some support.
Upper range of the falling wedge pattern might act as major resistance. Remains below its 200-day simple moving average.
💡 A moderate bearish bias is applicable below 41.05. At the brink of crossing bearish on the MACD on the daily time frequency. Upside price momentum halted, supporting a bearish trend. Downside target: 39.40. Upside target for a break above 41.05 will be 41.63.
A moderate bullish bias is applicable above 3260. A change in trend direction to bullish occurred. Some bullish divergence is notable. However, a bearish MACD crossover on the daily time frequency remains applicable. Downside price momentum halted, which supports a bullish trend. Upside target: 3320/350. Downside target for a break below 3260 will be 3210. The...
The price objective for the break down out of the Symmetrical triangle pattern is around 1860. A bearish MACD crossover on the daily time frequency remains intact. Downside price momentum supports the bearish trend. Upside targets for a break above 1900 will be 1920-40.
Heading for oversold territory. A bearish MACD crossover on the daily time frequency remains intact, supporting dollar strength. Downside price momentum supports the bearish trend direction. Price objective for a break down out of the Symmetrical triangle pattern is around 1.1600. Upside target for a break above 1.1690 will be 1.1744.
However, a bearish MACD crossover on the daily time frequency remains applicable - which is a concern. Downside price momentum halted, supporting the bullish trend. Upside target: 3350. Downside target for a break below 3280 will be 3350.
Break from lower RSI readings.
Bearish divergence is also notable.
Might be a slow price action to get to the profit target.
Looks like the declining channel is unfolding further?
Upside price momentum supports the bullish price action