DXY is on a straight path to sub 100 levels
Here is my analysis of DXY based on the last week close. From this chart you can see that it's clearly rejected at the top and still remains in down trend. Moreover it has formed a certain pattern that only reinforces this view. It is both a triangle like formation that can often be see on DXY and also head & shoulders. Instead of levels I just used fibs as they somewhat correspond to important levels, the last of which appears to be rejected. Finally you can see the the moving averages formed a death cross and being rejected by gravestone candles.
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