DX
Time frame: D1
Technical Analysis: Recently, we have seen predominantly the dollar against almost all other currencies. But whether it's a real rise or just a noise. To your attention, I present the chart of the Dollar Index (DX), which measures the strength of the dollar. He managed to break through a major resistance at 97.88, which is 61.8% Fibonacci designed by the top (103.81) to the bottom (88.25) of the last long-term downward movement. He managed to register a new peak for 2019, and for the moment the rally continues. Considering Donald Trump's constant criticism of the FED and watching the chart, the next possible resistance is around the 99.00 level where a new downward movement should begin. Catalyst behind this move can be the Fed, who have a meeting on May 1st about interest rates in the US.
Indicators: At this stage, the price is over 50 and 200 EMA and they play a strong role of support.
RSI - Goes into over-sold territory that supports the downside scenario.
DeM - Goes into over-sold territory that supports the downside scenario.
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