DXY Dollar Index Turning Green ?
The dollar index has broken medium term trend lines to the downside.
Case for short term upside:
1. It is current EXTREMELY oversold on the RSI.
2. It has fallen far below its 50 day moving average.
3. TD Indicator is on a perfected 8 of 9 with the 8 daily candle being a big one. Potential capitulation here for a turnaround tomorrow on the TD 9.
This inherently means that the ZAR Rand can weeken tomorrow as itself is now at its 618 Fib Retracement level compounded by an extreme RSI overbaught level.
Case for short term upside:
1. It is current EXTREMELY oversold on the RSI.
2. It has fallen far below its 50 day moving average.
3. TD Indicator is on a perfected 8 of 9 with the 8 daily candle being a big one. Potential capitulation here for a turnaround tomorrow on the TD 9.
This inherently means that the ZAR Rand can weeken tomorrow as itself is now at its 618 Fib Retracement level compounded by an extreme RSI overbaught level.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.