The EURUSD moved lower this week decidedly. On the weekly chart, the uptrend trendline since 3/23/2020 is broken. The Parabolic SAR signaled the trend change a few ago. Now, it is confirmed by the broken trendline. We’ll probably see the euro move lower against the dollar in the coming weeks….
Day: March 5, 2021
S&P 500 Weekly Chart: What Happens When a Trendline Is Broken?
Apparently, I am obsessed with S&P 500 tonight. I just drew some trendlines on the weekly chart. I think I found something interesting. Is the trendline really broken this time? It appears to be for now. However, if the S&P can close above 3820 tomorrow, the trendline is not really…