US Dollar
-ADX Divergence

 

The daily chart of the US Dollar shows an example of –ADX divergence. Price made a lower low while –ADX made a lower high. Has price entered a retracement or reversal? The +DMI is dominant and price is above the 50 EMA and also above a triangle price pattern. If price holds on the test of support, a trend change may result (uptrend or sideways trend). Lower timeframe momentum leads higher timeframes, and we may be seeing the leading edge of a rising dollar. Chapter 6 in my book 'ADXcellence' covers price and trend momentum. 

Some things benefit from high interest rates, be prepared.