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Dollerindex

Bearish Divergence on DXY , What’s Next?The DXY appears primed for a significant drop. On the daily timeframe, a clear bearish divergence has formed, suggesting potential downside movement. Key support levels should be monitored, particularly in relation to the RSI. If the RSI holds around the 50 level, we could see a potential bounce; however, a continued drop into the oversold zone is also possible. The DXY's movement may also be influenced by the FOMC minutes release on January 9th, adding another layer of significance to these levels.
TVC:DXYShort
by crypto_vulture_signals
Bearish Divergence on DXY , What’s Next?The DXY appears primed for a significant drop. On the daily timeframe, a clear bearish divergence has formed, suggesting potential downside movement. Key support levels should be monitored, particularly in relation to the RSI. If the RSI holds around the 50 level, we could see a potential bounce; however, a continued drop into the oversold zone is also possible. The DXY's movement may also be influenced by the FOMC minutes release on January 9th, adding another layer of significance to these levels.
TVC:DXYShort
by crypto_vulture_signals
DXY Doller is very important levelNow currently the doller is very importan level, this chart is Doller inverted chart. Year 1989, 1999, and 2016 multiple time this level is veryimportant resistant level, in the current market secnerio if the rate hike it is possible to breakout of doller price In higher the doller price not good for emerging market like India the price action show that on last and final move is pending, but other major index chart not show any bearsh signal. This post is only for education purpose
TVC:DXY
by Anuragsahu001
1