goodguy

US Dollar Update: Sideways action or or some retraction ahead?

INDEX:DXY   US DOLLAR CURRENCY INDEX
4
After last post the US Dollar has dropped as expected. Here is how the pattern looks to me at this time. Curently have a bullish divergence in the daily RSI. IFFFF the count is correct that we are at ".3" would expect a somewhat sideways consolidation here before more serious down action. If we are at ".c" then should get a a-b-c retraction before more down action.
Notice the two negative reversals in the RSI (black dashted upper lines) both lead to lower prices.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.