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LA_Designer
Aug 8, 2022 5:51 AM

DXY: Watch for This Signal! Short

U.S. Dollar Currency IndexTVC

Description

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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