USDX is running out of breath
1) Rising wedge was formed.
2) Bearish divergencies on RSI and MFI.
Target could probably be somewhere around 98%.
2) Bearish divergencies on RSI and MFI.
Target could probably be somewhere around 98%.
Note
98$Note
Bullish divergencies on RSI, Stoch, MACD and several other indicators on the 4-hour chart. Will make another high or gets rejected from 107.Note
Trendline was broken on the 1-day chart, next big support lies around 103, 1-month chart is still overbought.Note
Strong resistance lies near 108 and bearish divergencies are forming on the 4-hour chart on few indicators. High probability of rejection towards 106 or lower.Note
Support on 108 is broken, we could see a retest next week.
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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.