DXY Index: Historical regression and RSI
My goal was to utilize two simple yet reliable indicators to identify any patterns.
From a monthly chart, I identified the macro regression trend, and micro regression trends during bull rally’s. I noticed that each breakout of the macro bearish trend correlated with RSI notch of brief bullish action (see circles) as well as price falling below median regression line.
My prediction, unfortunately, and baring any significant global military action, is that the Index will plummet yet again.
I’m a novice working from intuition. What do more wise eyes see?
From a monthly chart, I identified the macro regression trend, and micro regression trends during bull rally’s. I noticed that each breakout of the macro bearish trend correlated with RSI notch of brief bullish action (see circles) as well as price falling below median regression line.
My prediction, unfortunately, and baring any significant global military action, is that the Index will plummet yet again.
I’m a novice working from intuition. What do more wise eyes see?
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