CosmicDust

DXY update - getting weaker - 4/16/2015

INDEX:DXY   US DOLLAR CURRENCY INDEX
dxy
It made a lower high on a weekly close basis, and now broke the red support. RSI retested and rejected (so far). MACD is barely positive. Positive side is 10 MA is still point up and price is still above it (no much).

Next line of defense is 10 MA, pink line(s).

Dollar direction has huge implications for various assets, like emerging market, commodities, precious metals, oil, other currencies, etc, etc.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.