USDOLLAR EMAs Looking to Align Bullishly

Russell Shor, CFTe, MFTA FXCM

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.

Author

Russell Shor, CFTe, MFTA

FXCM

Russell Shor (MSTA, CFTe, MFTA) has an Honours Degree in Economics from the University of South Africa and holds the coveted Certified Financial Technician and Master of Financial Technical Analysis qualifications from the Interna

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