#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.
#US DOLLAR ANALYSIS
The US dollar got rejected from the horizontal resistance and has broken down through the trendline. Now it is retesting below it. The RSI is currently moving towards the oversold region.
MACD crossover indicates bearish momentum. A downward move is anticipated for the US dollar for as long as it continues to trade below the horizontal resistance.
The US dollar got rejected from the horizontal resistance and has broken down through the trendline. Now it is retesting below it. The RSI is currently moving towards the oversold region.
MACD crossover indicates bearish momentum. A downward move is anticipated for the US dollar for as long as it continues to trade below the horizontal resistance.