DXY: Weekly Bearish Divergence

After a parabolic run up this past year, the DXY is starting to show a similar sign to what happened in 2008 - 2009. As we can see on the weekly chart, the DXY is making higher highs with lower highs on the RSI, signaling a possible move to the downside.

A lot will depend on economic conditions in the coming months, but I believe the DXY could follow a similar fractal as shown on the left chart.