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USOUSD 22 Dec 2023

USOUSD 22 Dec 2023 on the weekly timeframe. This commodity seems to have started to initiate the bullish after continuing to decline since the last 2 months. Trying to strengthen and enter the kumo cloud on the ichimoku indicator after being oversold in the previous session seen on the stochastic indicator. If this commodity is able to continue bullish and continue to strengthen, then go-long could be an option for traders. However, if there is a factor that can affect the market and change the trend back to bearish, then go-short is an option. Keep an eye on the market movements and consider all possibilities before making a trading decision.

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