pound/The US dollar rebounded upwards on Thursday and resumed its decline, currently leaning towards bearish sentiment

2023-12-8 17:02| Publisher: 2233| see: 3481| comment: 0

abstract: pound/The US dollar resumed its decline after Thursday's adjustment and fell below10Daily moving average1.2633The daily momentum reading below reflects the bearish sentiment of the market on a daily basisRSI Currently in a neutral position, detached from the overbought area earlier this week1.2313-17 Cloud distortion and bearish competition for Fibonacci pullback 1.2039-1.2733 of 38.2% by 1. ...

pound/The US dollar rebounded upwards on Thursday and resumed its decline, currently leaning towards bearish sentiment849 / author: / source:


pound/The US dollar resumed its decline after adjusting on Thursday

fall drastically10Daily moving average1.2633Lower consolidation

Daily momentum readings reflect market bearish sentiment

everydayRSI Currently in a neutral position, detached from the overbought area earlier this week

1.2313-17 Cloud distortion and bearish competition

Fibonacci callback 1.2039-1.2733 of 38.2% by 1.2468

The weekly price trend has reversed the pound/Three consecutive weeks of bull markets in the US dollar

We tend to be bearish, but please wait for the opportunity to enter for the time being


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