Buyers are not committed enough, bit of momentum problem
Weekly:
- Ichimoku is neutral
- Heikin-Ashi is still bullish, but price reached 96,50-97,60 resistance zone marked by Kumo and trendline
- EWO is neutral, value close to zero
Daily:
- Ichimoku setup is bullish, but we have trendline resistance at 97,50+
- I see some problem in Heikin-Ashi signal. Price action is strange a bit. Market made intraday higher highs in last two days, but the candles just can't print a close above 96,50. haDelta/SMA3 also shows some problem with momentum. Buyers are not strong enough. If we have a momentum failure, then we may have a possible short term bearish wedge, which if breaks on downside, price will retest 95+.
Note: I cut quite some of my USD long exposure yesterday and this morning.
- Ichimoku is neutral
- Heikin-Ashi is still bullish, but price reached 96,50-97,60 resistance zone marked by Kumo and trendline
- EWO is neutral, value close to zero
Daily:
- Ichimoku setup is bullish, but we have trendline resistance at 97,50+
- I see some problem in Heikin-Ashi signal. Price action is strange a bit. Market made intraday higher highs in last two days, but the candles just can't print a close above 96,50. haDelta/SMA3 also shows some problem with momentum. Buyers are not strong enough. If we have a momentum failure, then we may have a possible short term bearish wedge, which if breaks on downside, price will retest 95+.
Note: I cut quite some of my USD long exposure yesterday and this morning.