TayFx

DXY: Bullish to 103 or Bearish to 1$?

Long
TVC:DXY   U.S. Dollar Currency Index
I'm asking your bias for a friend,

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On the weekly looks quite bearish, however supported by a rising trend (which started back in july 2011).

On the daily might be oversold, and perhaps bounce from the support line to retest the upper resistance which is in confluence with 20 DEMA and 0.618 retracement for the last drop??? Just my 50 cents.

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TayFx Jad-87
@Jad-87, I disagree, it's in a bullish uptrend on the monthly
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Jad-87 TayFx
@TayFx, Yes that's what i meant by "supported by a rising uptrend" on the weekly since 2011... which is in fact monthly :)

However i meant to say for the last few weeks it is quite bearish... lower RSI and a "bearish cross' on the MACD...

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I've got a few ideas on it, DXY Long for sure...

DXY Massive RVI/RSI Divergence, This Thing's Ready to Pop


DXY Indicators Pointing to BUY Breakout, May Catalyze Crash


Or you can track in relation to market and inverse markets, just push play B):

SPX x DXY x VIX x TVIX 4H Hold and Prepare for the Worst
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