Dollar MACD Divergence
It doesn’t always follow, but considering where we are in the dollar cycle and how close the TRIX is to going negative, on this occasion, I do believe the negative divergence is signalling a long term top. I expect the dollar to drop hard. Soon. I know this probably isn’t a popular view, but it’s what the chart is telling me.
Nice work. It looks like 2002/2003 all over again, with Euro testing 200W average and possible ready to launch strongly higher
Things are finely poised here Alex, but we’ll have our answer very soon.