The U.S. Dollar Index (DXY) had a major Bearish Rejection last week, and the 1W chart perfectly portrays the triple sell signal that just emerged. As you see the price hit and pulled-back off 1) The Lower Highs trend-line of the Descending Triangle pattern, 2) the 0.618 Fibonacci level and 3) the 1W RSI got rejected on its Higher Highs trend-line.
This Triple Rejection is a major medium-term sell signal at least, with the first technical target being the 1W MA100 (green trend-line), which supported the downtrend last time (May 08 candle). The 1W MA50 (blue trend-line) has been the Resistance since the week of December 19 2022. If we get a weekly close below the 100.825 Support, we will re-sell and target the 1W MA200 (orange trend-line) at 98.550 on the long-term.