The U.S. Dollar Index is retracing its weekly losses to more than 50%. The rejection on its 1W MA50 though two weeks ago, maintains the long term bearish trend and that retracement makes it a sell opportunity again. With 1W technicals still in red (RSI = 41.988, MACD = -0.570, ADX = 23.107) and the MACD in particular on the same level as the start of the final sell phases of the previous two 1year corrections, we expect DXY to reach at least the 1W MA200. TP = 98.500.
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You God damn right) I think that possible it's only start of movement.
Solldy
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A very high-quality analysis of the asset. I think that the immediate price reaction will help make sure of the further direction of movement. Buddy, I wonder what indicators you use in your analysis?
baigxy
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good analysis.. monthly rsi still above 50 and pulled back from wkly support.. could make 2nd HH in monthly..
JoeChampion
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I agree on USD weakness, thanks!
DeGRAM
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Thank you. Great job
FirstNameHelen
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I see a strong move coming yes, thanks for us dollar index signal
WalterMoon
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Excellent view, Im agree with you
mahfuzazim_TA
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Technically, DXY need another bottom to test pullback zone! So short anticipated than long!
WIZAPE
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I am not the one to oppose this analysis of yours, teacher. but I don't see it as solid to sell