DXY Moving Towards a new ATH or a Double Top?
3M chart here, DXY is a giant falling wedge break-out, re-tested twice and moved up. Measured 1x target takes us pretty much exactly back to where our highest 3M wick stopped.
1.5x or 2x targets would mean new ATH. Stop a 1x = double top, and a brief period of insane strength for US dollar vs the rest of the world, just before it loses more value than ever.
Which sounds more plausible to you, a repeat of 1929 or moving forward into a period of world domination again?
1.5x or 2x targets would mean new ATH. Stop a 1x = double top, and a brief period of insane strength for US dollar vs the rest of the world, just before it loses more value than ever.
Which sounds more plausible to you, a repeat of 1929 or moving forward into a period of world domination again?
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.