Dollar Index
DXY
on the cusp of making a major move TA speaking ;
(100.8 or 110)
- To the upside starting currently by jumping at 200EMA and breaking recent highs within pattern while facing strong resistance just above on Range Ceiling(105) and last Highs of 107(ChoCh).
- Either falling off a cliff headed in to re-visiting Range Bottom of 100.82 (Swing/Positioning)
Fundamentally speaking ;
Would be a great move to the Upside for
DXY
Fundamentally speaking,
resulting so on SHORTING anti-correlated assets, such as EUR/USD and other FX pairs.
Must be time for
DXY
to strengthen even more, makes sense ,,
otherwise Recession is just ahead !
On headlines ,
CPI
USIRYY
is coming lower,
with economists awaiting Fed Cuts
USINTR
cuts by end year.
However, worth mentioning is that wealth hedges such as
GOLD
continues to be stocked up in piles of tonnes from China
CNGRES
and not only;
China's Wealthy Class is also in the process of purchasing pure physical Gold
*** NOTE
This is not Financial Advice !
Please do your own research with your own diligence and
consult your own Financial Advisor
before partaking on any trading activity
with your hard earned money based solely on this Idea.
Ideas being released are published for my own trading speculation and
journaling needed to be clear on different asset classes price action.
DXY
on the cusp of making a major move TA speaking ; (100.8 or 110)
- To the upside starting currently by jumping at 200EMA and breaking recent highs within pattern while facing strong resistance just above on Range Ceiling(105) and last Highs of 107(ChoCh).
- Either falling off a cliff headed in to re-visiting Range Bottom of 100.82 (Swing/Positioning)
Fundamentally speaking ;
Would be a great move to the Upside for
DXY
Fundamentally speaking, resulting so on SHORTING anti-correlated assets, such as EUR/USD and other FX pairs.
Must be time for
DXY
to strengthen even more, makes sense ,, otherwise Recession is just ahead !
On headlines ,
CPI
USIRYY
is coming lower, with economists awaiting Fed Cuts
USINTR
cuts by end year. However, worth mentioning is that wealth hedges such as
GOLD
continues to be stocked up in piles of tonnes from China
CNGRES
and not only; China's Wealthy Class is also in the process of purchasing pure physical Gold
*** NOTE
This is not Financial Advice !
Please do your own research with your own diligence and
consult your own Financial Advisor
before partaking on any trading activity
with your hard earned money based solely on this Idea.
Ideas being released are published for my own trading speculation and
journaling needed to be clear on different asset classes price action.
