DXY - 1D - RSI Bearish Divergence at Resistance?
Güncellendi
Not a financial advisor.
Initially I was under the impression that the DXY was developing an Inverse Head And Shoulders Formation.
But the last day(s), makes me question that assumption.
I am currently looking at:
1) Rejection from the yellow trendline
2) RSI bearish divergence on the 4H and 1D
Awaiting to see how strong the yellow trendline resistance is or
if a break will develop into a bullish momentum.
On the 4H, the Bearish Divergence is clearer:
Initially I was under the impression that the DXY was developing an Inverse Head And Shoulders Formation.
But the last day(s), makes me question that assumption.
I am currently looking at:
1) Rejection from the yellow trendline
2) RSI bearish divergence on the 4H and 1D
Awaiting to see how strong the yellow trendline resistance is or
if a break will develop into a bullish momentum.
On the 4H, the Bearish Divergence is clearer:
Not
Double bearish divergence:Not
DXY needs to create hidden Bullish divergence to create the possibility for higher high:Not
Very possible Cup and Handle formation within the flag.If the C&H plays out, the higher timeframe Inverse Head and Shoulders might break the neckline:
Not
Awaiting to see the reaction at the support:Not
A drop below 92 would represent a lower low.Not
CPI DataNot
After CPI Data:Not
After the CPI data release and analysing the 1D there is the possibility for a RSI bearish divergence.Not
In case DXY moves above the 93.3 there is the possibility to reach the Inverse Head and Shoulders target.Not
Daily RSI Bearish Divergence seems to be confirmed but looking at the 93 level as the possibility of a higher high on the RSI (meaning that this divergence is no longer valid)İşlem kapandı: durdurma seviyesi
Not
Not
Feragatname
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