DXY technical analysis: DXY displays mixed signals with bears’ tentative clawback
The indicators on the daily chart reflect a duel between the bulls and the bears. The Relative Strength Index (RSI) is on a negative slope but in positive territory, hinting that buying momentum is losing strength. However, it is not completely gone just yet.
The Moving Average Convergence Divergence (MACD) shows decreasing green bars, implying the potential for a bearish reversal, but it still needs to cross into negative territory for a credible sell signal.
Despite these bearish signals, the pair is comfortably placed above its 20,100 and 200-day Simple Moving Averages (SMAs), pointing out that the underlying trend remains in favor of the bulls
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