The DXY's (US Dollar Index) 50-day MA has broken above it's 200-day MA to signal further strength in the medium-term. This is the first golden cross since the third quarter of 2008 and only the third since the bear market began in 2002. More importantly, the Greenback has experienced this bullish crossover in the early stages of both major corrective recoveries in 2005 & 2008. An oversold hourly dip near the 20-day MA would be an actractive (long) entry point.
