This pair is about to take a multi-year dive (not, yet!) speaking volumes of a developing global crisis (risk-off).
Here is the Daily for more precise timing.
Note
As a related matter; We've been sitting SHORT on this since it was 8% higher. (Making stupid money in the process as one could image.) This is, however, still very much an actionable SHORT - Entry - and likely to remain so for the rest of your natural lives! - Or, at least a considerable portion of it.
Note
... and just in case one may be thinking ... ... "Yeah, the Dow is the the Dow but the SP500 is going to fare far better!" Ya wanna bet?!?!...
Note
Incidentally, the UD is about to turn (much!) higher vs. the Reminbi, right here!
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.