The DXY looks to be in a 9 year accumulation/distribution structure. We are currently in a retest phase for the last 2 years with the last year being a trading range that looks to be in phase C with a spring. Everyone is bearish the $$$, the BRICS are gonna start their own currency, printing $$$ like crazy and we are all gonna die. Maybe not.
Note
Nice move up and 105 is withing range, expect a little consolidation there, then a move to the 108-110 area. BRICS are looking to be a big fat nothing burger. But the dollar is dead, right?Note
Looks good so far. This could get ugly for the rest of the worlds currency. I think the EURO is about to get smashed.Note
Retrace complete. Looks to be headed higher now. 114 then 120?
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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.