An analysis of GDP/USD on 1 day chart

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Based on the 1 week timeframe, the overall trend is a downtrend. If price breaks that trendline and the 200 MA, that could see a change into an uptrend and would be certified by the morning star. However if the price breaks the smaller uptrend trendline, that can show a continuation in a downtrend. MACD could show a gaining momentum in the uptrend potentially reaching the 1 week trendline.