- There are 2 current bullish divergences on the RSI.
- This could be easing of short positions into the event risk, or possibly an indication of a positive USD reaction to the NFP's.
- Obviously this will depend on the actual data, but even a release in line with expectations should produce a relief rally to the USD. It is currently heavily oversold against almost every major currency pair which are generally showing momentum ebbing away from price as well.
- This could be easing of short positions into the event risk, or possibly an indication of a positive USD reaction to the NFP's.
- Obviously this will depend on the actual data, but even a release in line with expectations should produce a relief rally to the USD. It is currently heavily oversold against almost every major currency pair which are generally showing momentum ebbing away from price as well.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.