Dollar's Clues for a Rally 9/6/2020
DXY at the daily view.
This is a project that my trading team and I are conducting. This is 5 of 9 charts (available on Trading View) that searches for clues for an imminent correction by using both June and September 2020 cases. It's a comprehensive overview that connects the charts volatility, trends, divergences, credit, and currency strength.
In this chart, the DXY had RSI divergences prior to the the rallies. The "price" was in a downtrend, but the RSI was in an uptrend. In addition, the DXY was held down by a trend line resistance for days before breaking it and rallying. The resistance line for August/September has yet to break. Once it does and the bullish RSI divergence plays out, the dollar strength may rally hard and possibly break the downtrend channel. "Possible" is the keyword. Is it probable? Not quite sure.
This is a project that my trading team and I are conducting. This is 5 of 9 charts (available on Trading View) that searches for clues for an imminent correction by using both June and September 2020 cases. It's a comprehensive overview that connects the charts volatility, trends, divergences, credit, and currency strength.
In this chart, the DXY had RSI divergences prior to the the rallies. The "price" was in a downtrend, but the RSI was in an uptrend. In addition, the DXY was held down by a trend line resistance for days before breaking it and rallying. The resistance line for August/September has yet to break. Once it does and the bullish RSI divergence plays out, the dollar strength may rally hard and possibly break the downtrend channel. "Possible" is the keyword. Is it probable? Not quite sure.
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.
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.