LA_Designer

DXY: Watch for This Signal!

Short
TVC:DXY   U.S. Dollar Index
The DXY appears to be in a cool-down period right now. As I mentioned in my post from a couple weeks ago, we can see the bearish divergence playing out on the weekly time frame. A confirmed breakdown would be the RSI breaking below the upward channel, which would cause a multi-week downtrend or long-term consolidation period.
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