Simple and understandable. Dxy keeps repeating the same pattern.
Momentum is turning down, Divergence shows a bearish move and Stoch RSI has crossed over to the downside. It may not be a trend reversal, but it looks good for a short
Stoch RSI points to a possible bounce up. The divergence has not changed as of yet.
Head and shoulder formation should complete at 98.13-20 to form a lower high. PPO on D1 is heading up, as seen below.
Spinning candle at the bottom of the downtrend, signaling the sellers may be taking a break for now.
Will she rally up again? or decide to take vaca down south for some R&R?
We have made a higher high and Stoch RSI has crossed over. I expect DXY to be down for May. There is a possibility of one more leg up.
Dxy dancing its dance. It looks bullish, but I stay guarded.
Dxy at a neutral zone. It can go either way to price in the FOMC minutes on Wednesday.
Dxy has enjoyed a stronghold against other currencies for most of 2018. With dovish Fed, Trade concerns, and a messed up HOR...we should see some downward momentum in king dollar. Though I believe it may be just some R&R :)
I hold a bearish sentiment on EU, however we are now in the zone where it potentially could charge up.
IMO, DXY is looking to trend down. Better for trade, better for balancing the deficit.
Dxy has established a weekly triple bottom and double top. 97 area is pivotal in its direction.
DXY in a Bearish Marubozu and not looking good. Marubozu usually indicates an extreme bull or bear...in this case bear.
This pattern consists of three consecutive white candlesticks with consecutively higher closes in an uptrend.
DXY is looking for direction. While it remains strong, a good pullback is a prudent move.
Looking above we can see that YTD, EU may have already established a lower high, visiting the same spot 3 times. It looks as though it might try to establish a Higher low and trend between the 2 points.