XPDUSD is Bullish

7 giorni fa

Price was in a strong downtrend for a couple of years and since past one year the asset is trading in the accumulation box. However, a matured weekly divergence has emerged on the weekly timeframe, indicating the control of bulls. If the accumulation box is broken then we can expect a bullish reversal as per Dow theory. Targets are mentioned on the chart.

P.S Analysis is done on weekly time frame and may take a year to play out