The MACD indicator shows increasing bearish momentum. The Elliott Oscillator has had three consecutive red sessions. NEO/USD is about to chart its third straight bearish day. Over this period, NEO/USD fell from $12.40 to $11.24. The latest session is sandwiched between the 20-day Simple Moving Average (SMA 20) on the upside and the SMA 200 on the downside. Before this, NEO/USD had enjoyed a steady rise following Chinese President Xi Jinping’s positive comments on the blockchain technology. NEO/USD daily chart The 20-day Bollinger jaw has narrowed, indicating decreasing market volatility, while the Moving Average Convergence/Divergence (MACD) indicates decreasing bearish momentum. The Elliott Oscillator has had three consecutive red sessions and the Relative Strength Index (RSI) indicator is trending around 54.05. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next GBP/USD: On a 5-day winning streak ahead of UK’s political debate FX Street 3 years The MACD indicator shows increasing bearish momentum. The Elliott Oscillator has had three consecutive red sessions. NEO/USD is about to chart its third straight bearish day. Over this period, NEO/USD fell from $12.40 to $11.24. The latest session is sandwiched between the 20-day Simple Moving Average (SMA 20) on the upside and the SMA 200 on the downside. Before this, NEO/USD had enjoyed a steady rise following Chinese President Xi Jinping's positive comments on the blockchain technology. NEO/USD daily chart The 20-day Bollinger jaw has narrowed, indicating decreasing market volatility, while the Moving Average Convergence/Divergence (MACD) indicates decreasing bearish momentum.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
