Recent days have unveiled weakness in DXY. The current 4hr chart reveals a descending wedge pattern that has just broken downward. It's important to note that this might not lead to an immediate downturn but signifies the initial stages of a potential shift.
📉 Daily RSI displays a consistent bearish trend, suggesting divergence. A decisive breach of 104.378 could signal a reversal on longer timeframes.
#ForexAnalysis #DXY #MarketTrends #RSIDivergence"
📉 Daily RSI displays a consistent bearish trend, suggesting divergence. A decisive breach of 104.378 could signal a reversal on longer timeframes.
#ForexAnalysis #DXY #MarketTrends #RSIDivergence"