DXY is running hot in major uptrend and is in 12 month rising channel.
We can observe a bearish divergence forming slowly as shown above !!!
Can the recission news keep it running hot or can we expect a pullback? The coming CPI news going be big and can expect a major move either breakout out or a massive decline.
If the bearish divergence holds we can expect a short-term decline!!
Not a financial advise !! Do your own research before making any decisions!!!!!!!
is inflation going to effect the price movement ? along with fed rates ?
learntrading007
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@goldrush123, the overall uncertainty about the inflation situation is making it more volatile while providing good support for upward movement. Until the price rise stabilizes, we can expect a little slowdown and start the downside movement after it reaches the peak of the cycle.