US30USD Weekly Analysis
This index has been forming a rising flag pattern for the past few weeks which IMO is a strong indicator of a bearish momentum.
I do anticipate that the momentum will continue and test the market zone at 38.2 A follow-up analysis using shorter time frames will follow.
I do anticipate that the momentum will continue and test the market zone at 38.2 A follow-up analysis using shorter time frames will follow.
Note
Let us wait for the price to retest the lower trendline, so that we can have a selling position.
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Related publications
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.