$DXY / US Dollar Index | 4H Stock Trade Setup Update ● Current Status
3 months ago
1
$DXY / US Dollar Index | 4H Stock Trade Setup Update
● Current Status: DXY is finding support on the 200-day moving average, with falling momentum, rising money flow, and VWAP, alongside a rising RSI.
● Technical Indicators: Despite the supportive factors, caution is warranted due to bullish divergence, falling money flow, and rising momentum, with moving averages nearing a potential bearish crossover.
● Outlook: Traders should monitor for signs of sustained bullish momentum to confirm the potential uptrend.
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