To continue on my previous idea with a better chart
DXY strength has been waning as it went up
Now we see a bearish divergence on weekly (strong indicator)
Double top pattern almost fully formed
Full Fibonaci retracement
it could go lower to make a HNS before dumping in a few months, or could go right here
Generally speaking the US is strong enough to set a new High on DXY
DXY strength has been waning as it went up
Now we see a bearish divergence on weekly (strong indicator)
Double top pattern almost fully formed
Full Fibonaci retracement
it could go lower to make a HNS before dumping in a few months, or could go right here
Generally speaking the US is strong enough to set a new High on DXY
Note
well lookey over here, this is starting to look very familiarNote
if this plays out, dxy will make a new high around 110 for the final Phase (C)this could mean slightly new lows (higher probably) on equities and crypto ofcourse
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.