DXY - 1D - RSI Bearish Divergence at Resistance?
Not a financial advisor. Initially I was under the impression that the DXY was developing an Inverse Head And Shoulders Formation. But the last day(s), makes me question that assumption. I am currently looking at: 1) Rejection from the yellow trendline 2) RSI bearish divergence on the 4H and 1D Awaiting to see how strong the yellow trendline resistance is or if a break will develop into a bullish momentum. On the 4H, the Bearish Divergence is clearer: https://www.tradingview.com/x/jywgSZZE/
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DXY - 1D - RSI Bearish Divergence at Resistance?
U.S. DOLLAR CURRENCY INDEX TVC:DXY
Not a financial advisor.
Initially I was under the impression that the DXY was developing an Inverse Head And Shoulders Formation.
But the last day(s), makes me question that assumption.
I am currently looking at:
1) Rejection from the yellow trendline
2) RSI bearish divergence on the 4H and 1D
Awaiting to see how strong the yellow trendline resistance is or
if a break will develop into a bullish momentum.
On the 4H, the Bearish Divergence is clearer:
