Krackenhead

Is it oversold enough?

TVC:DXY   U.S. Dollar Index
Currently the price has tried to break the medium-term trend for 4 times on 4h timeframe. According to RSI each try is weaker than previous. Hence the bulls power may be exhausted. For now it is time to monitor the price action and get more sell singals. Gold cross is almost ready, hence the next step is to monitor price action after gold cross. If there is no signs of buying then the price most likely would correct to 89.3
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.