DXY has bounced off 93.6 level and is now perching above a new trend line. However, the upside is limited as it has tested the trend line of the bearish wedge. GBPUSD and EURUSD are showing more signs of shooting higher, and I believe once DXY breaks below the trend line after the bounce, the show will be over. Could see some big drop this week.
Comment:
BANG
Comment:
Positive divergence on RSI. Expect a bounce. However, the trend is downward, so price should be rejected at the trendline, which is 93.98.
Comment:
Dollar is trying to print a solid candle above the downward trend line.
Bears have 16 minutes left to stop that!
Dollar is trying to print a solid candle above the downward trend line.
Bears have 16 minutes left to stop that!
Comment:
Not a big success but rejected at upper trend line.
Comment:
Fireworks expected after FED+ECB+BOJ decision.