The DXY has been moving higher today but has been diverging quite strongly on the 4 hour chart. The MACD and RSI have been moving lower while the price has moved higher. It seems that there may be a bearish move within the next few 4 hour candles but it may not be confirmed yet. The DXY saw highs of 109.452 but has recently endured a strong sell off and red 4 hour candle. It is possible that in the London session that the DXY may start to decline perhaps or in the early New York session. Many popular trading sentiments in London have 70-80% of traders still long currencies such as the euro and pound sterling rather than the US dollar which is interesting. Keep your eyes on a bearish position for USDJPY also later today as strong bullish volatility has occured. Non US pairs can move higher GBPUSD, EURUSD and (US pairs lower) later on at the right time today after more confirmations on the MACD potentially but right now it is not ready. Tomorrow holds no significant economic events. $USD Currency Index
Ilyas Khan Top1 Markets
Ilyas Khan Top1 Markets
