DXY has bounced off 93.6 level and is now perching above a new trend line. However, the upside is limited as it has tested the trend line of the bearish wedge. GBPUSD and EURUSD are showing more signs of shooting higher, and I believe once DXY breaks below the trend line after the bounce, the show will be over. Could see some big drop this week.
Note
BANGNote
Positive divergence on RSI. Expect a bounce. However, the trend is downward, so price should be rejected at the trendline, which is 93.98.Note
Dollar is trying to print a solid candle above the downward trend line.
Bears have 16 minutes left to stop that!
Note
Not a big success but rejected at upper trend line.Note
Fireworks expected after FED+ECB+BOJ decision.
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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.