U.S. Dollar IndexShort
$dxy 103.65
stoch topped out and assuming we cross it to the downside and loose 103.65 to start the acceleration to the downside
alternatively flip yellow line and breaking out would be no bueno
assuming it does start its descent would be a life saver for quite a few currency which have been struggling and give some relief along with making those countires more attractive to invest in with a currency on the up .
should be fun to see what happens either way took 12 years for the rsi to come here so not going to happen overnight hence the max zoom out.
alternatively flip yellow line and breaking out would be no bueno
assuming it does start its descent would be a life saver for quite a few currency which have been struggling and give some relief along with making those countires more attractive to invest in with a currency on the up .
should be fun to see what happens either way took 12 years for the rsi to come here so not going to happen overnight hence the max zoom out.
Note
LTF .. H4 Close below 200 would be step 1 towards taking out 107.296 where we see a reaction and invalidate idea or we slice through ..
Note
closed below rsi crossing almost .. lets see next close
Note
chop chop ... its coming
Note
Note
check monthly RSI
107.296 possible sweep then lower either way ... line or 200 ema on daily is a magnet for now
below 105.4 we should go for the 200 on the weekly .. for now rsi bottoming so lets see what we get on Open
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.
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.