USDOLLAR EMAs Looking to Align Bullishly
The below is the daily chart of the USDOLLAR. Further to our previous article, the green 5-day EMA has crossed above the orange 13-day EMA (green ellipse). This has put the EMAs into a bullish stack. I.e. the green 5-day EMA is above the orange 13-day EMA, and the orange 13-day EMA is above the black 34-day EMA. The RSI has moved to the bullish side of the indicator. If the EMAs develop angle and separation it will be viewed as a bullish development.
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