USD is now bullishThe USD has given a couple of bullish signals and these are:
1. A higher high and breakout close of the highest close in the last 10 candles;
2. the MACD is turning up, crossed up the signal line too;
3. the VolDiv is beginning to turn upward and significantly turned up (white dot trigger);
4. The higher high and higher low pattern to bottom out of a downtrend had just happened, although a bit later than projected (points 1 to 5). Look forward to a higher high surpassing 106.62 and its a clear bull primary trend.
105.62 is the upside target. Then possibly 101 the downside target.
Heads up!
ps. There is something about the spike in the USD... a combination of Powell talk and the Feds raising interest rates, with a equity market panic attack. Note the imminent latter.
This also affects a lot of other plays, Gold and Crude oil, for example. Crypto may be affected but Bond rates and prices definitely!
