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DXY - daily

Short
U.S. Dollar Index (TVC:DXY)  
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TVC:DXY   U.S. Dollar Index
Wave Analysis Technical Indicators Trend Analysis elliotwavesanalysis Technical Analysis DXY EWT analysis financials analysys fundamental-analysis
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waveanalysis indicator trendanalysis elliotwavesanalysis technicalanalysis dxy ewt analysis financials analysys fundamental-analysis
When price is in a uptrend making a higher high and the oscillator indicator is making a higher low this is a regular bearish divergence pattern.
Price reaches a new Higher High in 08 April 2022, while the RSI technical indicator registered a Higher Low in the same period of time.
A correction may soon be on the way.
I hope this was helpful.
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
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