Below is a weekly chart of the USD Index and it looks pretty sick. Literally. It'll probably continue to move lower from here, finding some support near the 61.8Fib, and then 78.6Fib retracements. Bearish since the week ending 20/03/2017.
The US Dollar Index continues to move lower since forming a lower-high a few weeks ago. Weekly momentum is returning to INCREASINGLY BEARISH conditions, with confirmation on a break below 2018 lows at 88.15, and the 87.8 - 88.2 S/R area. Probable move lower from here.. IMHO.
The MACD failed to BO during late-Q4, and bearish momentum took hold again, with a soft bearish down-cross Bearish momentum developing. The Stochastic has formed bearish lower-highs since the start of the year after a failed BO during late-Q4. Recommenced descent recently, within the bearish continuation region.
gold, page-42925
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