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Short Term Bullish Analysis
The 50d MA is above the 100d and the 100d is above the 200d which is a bullish sign. Price however is below the 50 and 100d MA's and just saw support at the 200d MA. Recent past shows RSI has been sensitive to oversold levels and it is getting close to 30 (currently at 40). Stochastics have been choppy in the oversold level, a...
Price is seeing resistance near a 1/3 line which comes from the December 23rd low to the March 20th high. This line was initally a support level but price broke through it and now it is a resistance line. It proved to be valid on May 24th - 25th. This resistance also comes from the 100d MA, the 200d MA is right below price at .7531 and a daily close below this...
EUR/GBP is near previous tops and at overbought levels on Stochastics and near overbought levels on RSI (68). MACD is bearishly converging and a bearish crossover could be confirmation that this is another top.
Price action is forming a bearish head and shoulders pattern right at a significant trendline. If price breaks below the neckline im expecting it to go down to 109.4 which is the depth of the head projected down.
The light blue lines indicate a crossover of K below 46.4780. in the history of the dollar after K has crossed down through that line (has happened 13 times) DXY went lower the following months 10/13 times or 77%. It downtrended an average of 353 days after crossing down through this level and DXY went down an average of 10.55%. RSI showed a lower high while price...