TradingView
ElPatron.Y
Apr 18, 2015 12:24 PM

DXY Bearish from here? Soon we will know. 

US DOLLAR CURRENCY INDEXINDEX

Description

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..
More