USDOLLAR’s EMAs Show Angle And Separation

Russell Shor, CFTe, MFTA FXCM

The below is the daily chart of the USDOLLAR. The EMAs are in 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(9) is above 50 and indicative of a bullish momentum (blue rectangle). We also note that the EMAs are showing angle and separation (red rectangle). This may be suggesting that the positive momentum is accelerating. As such we continue to monitor.

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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