#US DOLLAR ANALYSIS
US dollar bounced from the ascending trendline support, where ichimoku clouds are also acting as a support. Now it is rejecting from the Monthly trendline and horizontal resistance. Bearish divergence is also detected.
A downward move is expected from here and further consolidation can be expected inside the triangle until we see a solid breakout or breakdown.
Note: US dollar mostly works inversely proportional to the crypto market.
US dollar bounced from the ascending trendline support, where ichimoku clouds are also acting as a support. Now it is rejecting from the Monthly trendline and horizontal resistance. Bearish divergence is also detected.
A downward move is expected from here and further consolidation can be expected inside the triangle until we see a solid breakout or breakdown.
Note: US dollar mostly works inversely proportional to the crypto market.