Head and Shoulders has formed on Daily. It didn't even complete a decent looking right shoulder, which shows how strong the bears were to push the index.
Moving averages are all bearish with 200 >21 > 7 MA.
The interest rate hike has shifted attention to possible inflationary measures in the future for the US.
This has resulted in Investors taking their money...
Looking at the US Dollar currency index, we see a major impulse for longs. This is fueled by the increased demand for greenback as people exit out of bonds and stocks, We believe. We will continue to monitor and comment on this growth.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The...
we could see DXY selling off from here. It's an interesting level right now let's see what is gonna happen.
Entry: 106.540
SL: 106.870
TP1:105.540
TP2: 104.360
Please like and comment what you think!!
The U.S. Dollar Currency Index (DXY) is looking to go higher.
I can see this index increasing based on multiple signals...
But this increase is looking more like a strong bounce that will take place but will be followed by a crash...
The crash part is still a bit far though...
The DXY is aiming higher.
Namaste.
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Price formed a Head and Shoulders pattern. In case there is a breakout of the support trendline or better of the Ichi Cloud support zone the price will go down (possible retest the 200 MA).
Nevertheless we are sitting on the 50 MA support and there is also an ascending broadening wedge pattern, which can...
Dollar soaring. Metals soaring. Yen collapsing. Printing and potential debt monetisation going on under our nose... interesting times.
Back to the dollar - how far is it will to go, until it starts to show signs of exhaustion. And which currencies will be pick as being the strongest to bet against it, when the time comes to go long against the USD... keep a...
