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GrizzlyBearBee
May 28, 2021 6:51 PM

The US Dollar further downtrend risks in RSI divergence Long

U.S. Dollar Currency IndexTVC

Description

Divergence among many momentum and strength oscillators could make it harder for the US dollar to continue lower.

The CFTC Commitment of traders report shows that net positions remain muted above 2500 net positions by non-commercial traders. This shows that speculators and hedge funds still remain bullish on the dollar.


However, a few chief market strategists and advisors have come forward with a view of a lower US dollar but higher yields threaten this macro view.
Comments
wolffarchitecture
Brother, your CFTC Commitment of traders report is really fascinating, how may I have access to this information on Trading view?

AW
GrizzlyBearBee
@wolffarchitecture, the report can be found on the official CFTC website for free. You can also find the data from the QUANDL website where the data is a lot more organized than that official report. Hope this helps
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