Still adjusting my new strategy, it's been a rough few months. My rules just need to be more strict, and I think the new strategy works better on a smaller time frame. I'm on to something, and getting really close. https://www.tradingview.com/x/FpahS1Vm/ Dollar going down https://www.tradingview.com/x/WAz8DTST/ CAD going up
https://www.tradingview.com/x/NSdRVZu8/ https://www.tradingview.com/x/EBaGXqCj/ I've been watching the closely DXY, looking for some sign of a reversal, but at this point I'm expecting this downtrend to continue for a much longer time. Looking at some of the fundamentals as well, things aren't looking too great for the dollar, in terms of strength.
That 92.00 is a pretty significant level. if there's going to be a reversal, it will be at that level, based on structure. Plus RSI is showing oversold on the Daily, Weekly, and sorta-ish on the Monthly. If a reversal is going to happen, it's going to happen quick, and you'll have to watch price action very closely.