DXY Emerging Death Cross on 4H.

14 Nis 2021

Even though the previous 4H Death Cross failed (February 19), the one that is currently emerging, resembles more that of October 19, 2020 both in term of RSI and MACD. Following the breaking of the Higher Lows trend-line as mentioned on the previous DXY idea, testing of the two Support levels seems the more logical course. What follows after that is highly speculative but if the Higher Lows Zone of 2021 breaks, then the U.S. Dollar Index should resume its previous long-term bearish trend.


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