US dollar index - Daily cycle topped

TVC:DXY   U.S. Dollar Currency Index
1067 13 35
It seems to me that the daily cycle topped in the dollar.
It's printing a bear flag and will break down soon.
I'm waiting for a 6-7 days weak decline here.
10 & 20 EMA is crossing over.
MACD- RSI divergencies

Hard to tell where the DCL could be formed though.
Comment: Backtest of the flag?
This trade still active? DXY just ramped up to $95.50 on Friday morning...
Staxs XTAL.ball
Watch and wait mode I think....
Hi, What do you think about the other USDOLLAR index (FXCM) , it's currently at 11, 940 , will it drop as well?
Hello. this is us dollar index , check his chart and the description below.
+1 Reply
Thank you! Chartwatchers! 6-7 days are trading days or calendar days?
Always trading days
Victor.Y.F chartwatchers
It's funny.. Gary mentioned this morning and I think he could be onto something: This dip in the dollar looks very much like a half cycle low with another leg higher still to come. Potentially the top could occur next Friday on a good employment report.
If we break back to the flag it's not good....
I hope it's a backtest. If not the dollar could continue its rally...
KevinTang chartwatchers
why the break back is not good?
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