CosmicDust

DXY update - short term oversold and may reverse - 5/14/2015

INDEX:DXY   U.S. Dollar Index
dxy
117 0 7
dxy
Dollar formed a steep falling wedge that is mostly exhausted. RSI is forming a solid base too. So short term reversal is very likely. Waiting for breakout for confirmation. Note stronger dollar usually means weaker commodities like gold             , silver             , miners, oil             , etc. We will see how they play out this time (short term).
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