DXY outlooks for early 2019
DXY up movement will continue up until the end of the month, at which point DXY will breakout downward.
1. DXY's movements have been forming within a bearish pennant.
2. 1D RSI has yet to fully reset since the beginning of 2018. Also its good to note that RSI is on a downtrend.
3.1D MACD is on a clear down trend as well. Since November MACD has continued on its downward trend while price has been gradually increasing. Usually a bearish confirmation.
1. DXY's movements have been forming within a bearish pennant.
2. 1D RSI has yet to fully reset since the beginning of 2018. Also its good to note that RSI is on a downtrend.
3.1D MACD is on a clear down trend as well. Since November MACD has continued on its downward trend while price has been gradually increasing. Usually a bearish confirmation.
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.