While the price is still stuck in a range, there are some early bearish indication for USD Index.
- Price could not break and stay above Kijun Sen this time. It runed lower, and if price pressure persists, then...
- … HA indicators will cross down at/below their mid lines. It would be a further signal that bearish momentum may accelerate
- There is an obvious bearish cross in the forward Kumo
- EWO (AO) is minor bearish (would go lower only with increased momentum of price action)
Key level to watch: 98.80
- Price could not break and stay above Kijun Sen this time. It runed lower, and if price pressure persists, then...
- … HA indicators will cross down at/below their mid lines. It would be a further signal that bearish momentum may accelerate
- There is an obvious bearish cross in the forward Kumo
- EWO (AO) is minor bearish (would go lower only with increased momentum of price action)
Key level to watch: 98.80