XDR seems to go bullish and target 1.556Weekly chart, the Special Drawing Right (XDR) is about to complete chart patterns V and Triangle
The targets will be 1.443 then 1.556, after crossing resistance 2 line.
Technical indicators MACD and RSI are positive. RSI is in over-bought area, which signals a near resistance.
USDX wave (A) up finishing - (B) correction soonIm not bullish, bearish, or neutral. It all depends on what the timeline is.
Short term, bearish;
- 5 waves up complete,
- strong rejection of the bulls shown in long wicks up,
- I would call strong bearish divergence on daily RSI (several peaks show declining RSI peaks while price has been rising
GBPUSD Going ForwardGU Decline from end of June 2014 is not complete. Currently correcting October 2016 low. Price clearly rejected from the channel above 1.242 - Loud bully silenced with the snow shovel. Regardless of the outcome of the Parlament vote and deliberation - Brexit means Brexit. CBE contributions to ECB ha
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Displays a symbol's price movements over previous years to identify recurring trends.