The new wave of DXY
A clear wave movement is formed in the chart. So, would the price follow the next step of the wave?
First, let’s see the MACD, there is no doubt that the MACD is in an upward trend, and no clear signal for any cross recently. Next, the RSI is also in an upward trend. And we can see that the RSI is following the waves.
Is this enough for us to make a conclusion?
I would say, wait for more signals.
The next resistant point(last wave) could not be a point too short, because the direction after waves is not clear for now.
Let’s wait for more signals.
First, let’s see the MACD, there is no doubt that the MACD is in an upward trend, and no clear signal for any cross recently. Next, the RSI is also in an upward trend. And we can see that the RSI is following the waves.
Is this enough for us to make a conclusion?
I would say, wait for more signals.
The next resistant point(last wave) could not be a point too short, because the direction after waves is not clear for now.
Let’s wait for more signals.
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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.
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.