A bearish engulfing pattern on the weekly chart in combination with the break below rising trendline support is bearish.
Price could continue drop from broken trendline OR rebound RN resistance before falling
Daily chart uptrend with higher lows, higher highs -- on verge of a lower low- but would need a lower high and one more lower low after that to confirm downtrend
Weekly chart showing first sign of bullishness with a higher high
For the purposes of taking a broader view of movements in forex markets...
Chart: 1-year performance of JPY, THB, MYR, CNY, IDR, INR vs the USD (inverted)
Since October, there has been a marked improvement in the performance of Asian currencies. The change means Asian currencies have paired losses over the last 12 months, with the yen and Tai bot entering the...