The US Dollar (DXY) is in a falling wedge. It needs to tag the 10 EMA soon. At the same time it could break out of the falling wedge.
4hrs MACD crossed over showing to the upside. RSI has bullish divergence and leaving oversold.
As the FOMC meeting is coming the Dollar will rally again.
I still think that they will raise the rates next week.
4hrs MACD crossed over showing to the upside. RSI has bullish divergence and leaving oversold.
As the FOMC meeting is coming the Dollar will rally again.
I still think that they will raise the rates next week.
Note
The party is beginning. Draghi called the DCL in the US Dollar Index.Breakout of the wedge. Breakout above the 10 EMA.
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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.