U.S. Dollar IndexShort
DXY - daily
When price is in a uptrend making a higher high and the oscillator indicator is making a higher low this is a regular bearish divergence pattern.
Price reaches a new Higher High in 08 April 2022, while the RSI technical indicator registered a Higher Low in the same period of time.
A correction may soon be on the way.
Price reaches a new Higher High in 08 April 2022, while the RSI technical indicator registered a Higher Low in the same period of time.
A correction may soon be on the way.
I hope this was helpful.
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
ymagnify.com/
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
ymagnify.com/
Related publications
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.
I hope this was helpful.
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
ymagnify.com/
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
ymagnify.com/
Related publications
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.