USOUSD rises on reversal
USOUSD today on the 15-minute chart dropped on a downtrend outside the Bollinger (lower)
Band (49, ohlc,2) hit a Doji candle and then started the upward retracement. The RSI indicator
shows relative strength hitting a bottom and bouncing up. RSI is about to go over 50. Price
is currently below the high volume area with the POC line aligned with the basis center line
of the Bollinger Bands. The ECHO indicator, a predictive algo tool is for a 2.5 % upward trend
over the next 2-3 days. I see this as a good entry point for a long leveraged forex trade.
Band (49, ohlc,2) hit a Doji candle and then started the upward retracement. The RSI indicator
shows relative strength hitting a bottom and bouncing up. RSI is about to go over 50. Price
is currently below the high volume area with the POC line aligned with the basis center line
of the Bollinger Bands. The ECHO indicator, a predictive algo tool is for a 2.5 % upward trend
over the next 2-3 days. I see this as a good entry point for a long leveraged forex trade.
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