goodguy

Short term f/u up on the US Dollar: Near moment of truth.

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INDEX:DXY   US DOLLAR CURRENCY INDEX
With Mr. Trumps win there has been a big burst of optimism for the US Dollar with one more more jump up. Will is go to a new near term high or reverse before going higher than C? Of course I don't know. But there is a negative reversal followed by a bearish divergence in the both the monthly and daily RSI's. And often with such a combination a change in direction occurs. Like all indicators none is always correct. But makes it so that I will not be surprised if it reverses soon. But will wait for a "sign" to add to my small short position.
Take care. Hope this is helpful but process thru your own rules. Feedback always appreciated.
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