DXY: Under its 1W MA50, solid opportunity to sell long term

The U.S. Dollar Index is retracing its weekly losses to more than 50%. The rejection on its 1W MA50 though two weeks ago, maintains the long term bearish trend and that retracement makes it a sell opportunity again. With 1W technicals still in red (RSI = 41.988, MACD = -0.570, ADX = 23.107) and the MACD in particular on the same level as the start of the final sell phases of the previous two 1year corrections, we expect DXY to reach at least the 1W MA200. TP = 98.500.

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