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U.S. Dollar Index

DXY triangle

By fvideira
Updated
Expecting further drop if current point E marks the local top. Attempted to break up from triangle but may be fake out. Local wedge shown on 1D with bearish div on RSI.

Signs to look for:
  • Breakdown of local wedge.
  • Price closing back down into the triangle on a daily/weekly timeframe.
  • Price closing under and retest/rejection of 92.643.
  • Taking out 91.5 marks continuation of down trend (would make local lower low).
Comment
May see relief in this area before resumption: snapshot
Comment
snapshot Small relief rally as predicted, now back to the green area for further testing
Chart PatternsTechnical IndicatorsWave Analysis

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