goodguy
Short

Great setup for a drop in the US dollar index

INDEX:DXY   U.S. Dollar Index
229 0 1
I still think there is a good chance the US dollar             has been forming a long term 5 wave triangle (ABCDE) before one last major drop. Although the RSI has gone to a new high, the price high at C has not yet been bettered leading to a potential negative reversal. This pattern indicated that price is weaker than the indicator and often leads to new lows. We also have a bear divergence more recently in the RSI where the RSI has been dropping while the price is rising. This week we also has a bearing engulfing candle. When all added together it looks potentially very bearish .
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out