Looking at the monthly chart we are going for a bullish prediction for October. The pair broke through a channel and the MACD has turned positive.
Worrying signs for a bullish prediction include the timing and the MACD indicator. The timing is that the broken channel happened on the news about Turkey and the diving Lira. On top of that we don’t have a solid confirmation since the monthly close is in a couple of weeks. As for the MACD indicator it has turned at a level where it could easily turn…
TheAnalyst