As we can see, bearish divergence continues to increase since April, however the .5 fib continues to act as support on each correction.
I expect the DXY to pass 111 in the near future for a new local high because of the daily engulfing candle that is forming on the recent bounce. My thoughts on the divergence remains the same.
I expect the DXY to pass 111 in the near future for a new local high because of the daily engulfing candle that is forming on the recent bounce. My thoughts on the divergence remains the same.