DXY
has been weaker since our last call, cratering even Lower highs since peak of Sept last year
Lower highs in recent trend since Nov 2023
Relative Strength breaking lower
UUP
also shows this as well (The following is not seen here, sorry, pls check profile for more info)
Weekly
DXY
shows the weakness clearer RSI hasn't been able to break past 50 (middle area)
This is the LONGEST US #Dollar has taken to break under the breakout area (blue arrows)
Historically, RSI @ these levels has stopped rallies
At the very least temporarily