Has the dollar topped?

8 Des 2022

DXY putting a top is unpopular opinion. However, we chartist don't care for the narrative of the masses or what mainstream media tells us, the only thing that's absolute is the word of our oracle, Mr. Market.

So far, the dollar has broken the uptrend that it has been on since the end of may 2021, and retraced to the 0.382 fib level. With a clear divergence in the RSI, the dollar is due for a move higher. However, whether it's for making a higher high, or hitting the next resistance before resuming lower is still not clear.

I will keep you updated in case anything new comes from our oracle, until then have a nice day!