Short term - BEARISH
Im getting on bearish bias. Cable grapping liquidity from here and will be in need of correction which i consider as needed before another grow. Fundamental to this can be that DXY is also bleeding a lot and will be in need to correct itself before next FED announces/events.
Long term - BULLISH
As I already wrote. DXY manipulating whole market but is getting weaker. One of few main things will be that there is last rate hikes infront of us and FED will be on their target. I dont think it will leade to massive sell off DXY right away, manipulation at this moment is very in game to me. But also I see market already absorbing (pricing in) next rise of interest. Investors will longtermsell DXY leads to upward move of /USD pairs. Next things is the Yuan thing and BRICS and other.
Let me know if I think about it right in comments,
Wish you green ones only!
Jake
Im getting on bearish bias. Cable grapping liquidity from here and will be in need of correction which i consider as needed before another grow. Fundamental to this can be that DXY is also bleeding a lot and will be in need to correct itself before next FED announces/events.
Long term - BULLISH
As I already wrote. DXY manipulating whole market but is getting weaker. One of few main things will be that there is last rate hikes infront of us and FED will be on their target. I dont think it will leade to massive sell off DXY right away, manipulation at this moment is very in game to me. But also I see market already absorbing (pricing in) next rise of interest. Investors will longtermsell DXY leads to upward move of /USD pairs. Next things is the Yuan thing and BRICS and other.
Let me know if I think about it right in comments,
Wish you green ones only!
Jake