goodguy
Short

Update on US Dollar. I remain long term bearish.

INDEX:DXY   U.S. Dollar Index
Six months ago I published a long term weekly chart with a target which was so far accurate. (link below). I screwed up after that thinking that the correction up was over and it was not. I think now it is more likely that the up correction to "C" is over as C has gone up .62 X the distance down to B. Of course the trend is sill up to perhaps the .78 correction up but this seems less likely to me as we have a strong negative reversal in the monthly RSI (dashed black line) followed by a bearish divergence in the RSI (solid black line). I still favor this all this action may well be forming a very large triangle before a last huge drop in the dollar.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out