DXY Index | Falling Wedge, Higher Low

The DXY Index (U.S. Dollar Currency Index) has the potential to move higher.

There are multiple signals that are pointing to this:

1) Higher low last week.
2) Bullish divergence MACD And RSI (From Aug. 2020 to Jan. 2021).
3) Falling wedge pattern.

There is no confirmation for these signals, which means that DXY can run lower before moving up.

These signals are only confirmed when we get a weekly close above EMA10.

If this condition isn't met, we are likely to see lower prices.

Namaste.