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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.
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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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
DXY Massive RVI/RSI Divergence, This Thing's Ready to Pop
![[DXY] Massive RVI/RSI Divergence... This Thing's Ready to Pop!](https://s3.tradingview.com/l/lGd0i3m7_big.png)
DXY Indicators Pointing to BUY Breakout, May Catalyze Crash
![[DXY] Indicators Pointing to BUY Breakout... May Catalyze Crash!](https://s3.tradingview.com/n/nrN9QRbn_big.png)
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
![[SPX x DXY x VIX x TVIX 4H] Hold and Prepare for the Worst...](https://s3.tradingview.com/8/8NBz0ik1_big.png)
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