USDRON: Important test ahead for the next 6 months.
USDRON is currently on a strong 1D selling sequence (RSI = 38.588, MACD = -0.024, ADX = 36.022) that is testing the middle trend-line of its long-term Channel Up. On top of that it has formed a 1D Death Cross (MA50 crossing below the MA200). Last time the pair formed this pattern, the price tested the middle trend-line of the Channel Up but after a rebound to the 1D MA50, it broke below it and initiated a 6-month bearish sequence towards the bottom of the Channel. Monitor the price action close to that line and if broken, be prepared to trade a similar pattern.
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