The contra directions of MACD on the monthly and weekly timeframe could signal fluctuation on the 4H chart but towards uptrend.
Thursday, October 22, 2020
EUR-USD Long-Term Technical Analysis 23-Oct-2020
On the monthly time frame MACD signal is bullish - indicate long term uptrend. Currently sitting at the top band of the Bollinger indicator it tries to make a correction. While on the weekly time frame MACD is almost diving down - indicates bearish on the correction.
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