Yahia.Awes
Short

Dollar, are you loco?..

INDEX:DXY   U.S. Dollar Index
198 1 9
We are trading in a triangle since the beginning of this year and now it is in a rising wedge. In the rising wedge made a daily shooting star on resistance of the triangle AND rising wedge.

There is also a small divergence no hidden one, so this might be the first signal for change of trend. Hiking rate with the dollar this high would be a disaster, so fundamentally seen it also has to fall to fill the gap at 88..

If I'm correct we might get a hike in december, earliest possibility. Dollar bulls need to lose steam a bit here.

I see the channel is a bit moved while I was resizing. Here is the corrected one.
snapshot
Yahia.Awes
a year ago
This is the power of divergence at resistance!
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