US dollar index has broken a fast uptrend channel within a wider ascending wedge formation but it has yet to test and break the 50-day moving average.
Stock weakness may help hold the dollar high, but underlying US bond worries over inverted yield curves may do the opposite.
There is also a strong divergence signal of descending MACD peaks against the DXY uptrend.
Stock weakness may help hold the dollar high, but underlying US bond worries over inverted yield curves may do the opposite.
There is also a strong divergence signal of descending MACD peaks against the DXY uptrend.
Note
There also appears to be a strong divergence signal.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.