DXY: Let the Selloff Continue!
Updated
Oh boy... with all the bearish DXY charts I've put out lately, I just noticed something that is even more bearish.
You see that yellow line on the chart? That is the weekly RSI that has been on an uptrend since December 2020 (almost 2 years now).
That weekly RSI just broke below the trend line of support. That is in addition to the bearish divergence that I've been calling out since July 2022.
Enjoy!
You see that yellow line on the chart? That is the weekly RSI that has been on an uptrend since December 2020 (almost 2 years now).
That weekly RSI just broke below the trend line of support. That is in addition to the bearish divergence that I've been calling out since July 2022.
Enjoy!
Note
Critical support at 110 broke. Let the bleeding continue!Note
MACD on the weekly chart has a cross down. Another important line to watch is that 20-week moving average (white line). If we get a weekly close below that, game over.
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