ElPatron.Y

DXY Bearish from here? Soon we will know.

INDEX:DXY   US DOLLAR CURRENCY INDEX
The DXY has an overbought RSI in the weekly and monthly. Also there is a hidden bearish divergence. Last resistance was met on 100.42 that was also the kiss of the upperchannel.

Last high was met at fib 0.618 level of the retracement from the fall of 2002. I expect it to become bearish from here, but soon we will know..

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.