The DXY Dollar Index is starting to lose momentum via the MACD.
Three Weekly bearish divergences on the DXY to be confirmed: on the RSI, the MACD and the OBV (On Balance Volume) with price rising while volume is falling.
The price can continue in the direction of the trend again and again, finally the price is never oversold or overbought before showing it hand, it will be early to say a bearish reversal on the Dollar, it needs a selling strength with a large engulfing candle get out of the bear market to finally get us out of our bear market in crypto towards a new bull run.
The support level at 105 on the DXY to watch if we go lower, so it will be the confirmation of the bearish divergence, and also to watch the trend line as support on the RSI.
https://www.tradingview.com/x/S03pGZVC/
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