goodguy

Short term f/u up on the US Dollar: Near moment of truth.

שורט
INDEX:DXY   US DOLLAR CURRENCY INDEX
With Mr. Trumps win there has been a big burst of optimism for the US Dollar with one more more jump up. Will is go to a new near term high or reverse before going higher than C? Of course I don't know. But there is a negative reversal followed by a bearish divergence in the both the monthly and daily RSI's. And often with such a combination a change in direction occurs. Like all indicators none is always correct. But makes it so that I will not be surprised if it reverses soon. But will wait for a "sign" to add to my small short position.
Take care. Hope this is helpful but process thru your own rules. Feedback always appreciated.
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.