eyesape

DXY Going DOWN Baby!

Long
eyesape Updated   
TVC:DXY   U.S. Dollar Index
Now broken thru both major and minor resistance.

next big resistance comes around 102.6 but I think this can play as a measured move, and quickly fill towards the end of that wedge forming

DXY can complete the trend and find some releif towards the end of this year or beginning of next
Comment:
doesn't show on this chart, but I'm seeing some divergence in the RSI...

so.. i'm feeling uncertain... perhaps that won't mater, but... somehow i think the divergence may be resolved with some relief here in the short-term before completing the leg down
Comment:
now I see divergence in this failed upward move.. I'm not so worried

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.