DXY - 1D - RSI Bearish Divergence at Resistance?

Not a financial advisor.

Initially I was under the impression that the DXY was developing an Inverse Head And Shoulders Formation.
But the last day(s), makes me question that assumption.
I am currently looking at:

1) Rejection from the yellow trendline
2) RSI bearish divergence on the 4H and 1D

Awaiting to see how strong the yellow trendline resistance is or
if a break will develop into a bullish momentum.

On the 4H, the Bearish Divergence is clearer:

Nota

Double bearish divergence:

Nota

DXY needs to create hidden Bullish divergence to create the possibility for higher high:

Nota

Very possible Cup and Handle formation within the flag.
If the C&H plays out, the higher timeframe Inverse Head and Shoulders might break the neckline:

Nota

Awaiting to see the reaction at the support:

Nota

A drop below 92 would represent a lower low.

Nota

CPI Data

Nota

After CPI Data:

Nota

After the CPI data release and analysing the 1D there is the possibility for a RSI bearish divergence.

Nota

In case DXY moves above the 93.3 there is the possibility to reach the Inverse Head and Shoulders target.

Nota

Daily RSI Bearish Divergence seems to be confirmed but looking at the 93 level as the possibility of a higher high on the RSI (meaning that this divergence is no longer valid)

Trade chiuso: stop raggiunto

Nota

pedrogarrinhas

Anche su:

pedrogarrinhas

Anche su:

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.