DXY has bounced off 93.6 level and is now perching above a new trend line. However, the upside is limited as it has tested the trend line of the bearish wedge. GBPUSD and EURUSD are showing more signs of shooting higher, and I believe once DXY breaks below the trend line after the bounce, the show will be over. Could see some big drop this week.
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BANG
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Positive divergence on RSI. Expect a bounce. However, the trend is downward, so price should be rejected at the trendline, which is 93.98.
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Dollar is trying to print a solid candle above the downward trend line.
Bears have 16 minutes left to stop that!
Dollar is trying to print a solid candle above the downward trend line.
Bears have 16 minutes left to stop that!
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Not a big success but rejected at upper trend line.
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Fireworks expected after FED+ECB+BOJ decision.