Chart of the Day -DXY- (Nov. 29th 2018)

30th November 2018 Off By binary
Chart of the Day -DXY- (Nov. 29th 2018)

The US Dollar Index is at the triangle bottom.

The US Dollar Index, or DXY, is at triangle support after nearly testing the 61.8% long term retracement the last couple weeks. The RSI is divergent, suggesting the last move higher has been a weak move, which means the risk of a break of the bottom of the triangle where we currently sit is relatively high.

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Blake Morrow

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