DislikedI might be observing a MACD divergence on weekly.
I spotted this just yesterday since I usually don't trade this pair.
Would you agree with this divergence? Possible reversal coming?
1) I see it has been very bullish for a long time;
2) I see as oil has come down; stronger USD indication across the board.
The two reasons above make me think a reversal is coming up.
Cheers and happy hunting.
JP.Ignored
I think we are in a critical price-area on oil, technically speaking. I would find it strange if the $ "suddenly" would recover when we give a thought to all the financial mess US is facing. Although, I'm pretty poor with FA, I must say it would be strange if the US economy would recover so fast.
Measure twice, cut once