Hey everyone!
Looks like a solid entry for a DXY long and a good time to start ditching EUR and Gold (yes, I do think gold is heading down).
On the daily chart, we can see that we've completed five waves down and are now forming a reversal.
EUR/USD and GOLD/USD have already started reacting, Index Dollar (DXY) hitting the 61.8% Fibonacci retracement level.
Now the climb begins, with the first target around 125 for the Dollar Index.
The potential peak?
144, though we’ll likely see corrections along the way.
Buckle up—volatile times ahead... 🧐🧐🧐
Looks like a solid entry for a DXY long and a good time to start ditching EUR and Gold (yes, I do think gold is heading down).
On the daily chart, we can see that we've completed five waves down and are now forming a reversal.
EUR/USD and GOLD/USD have already started reacting, Index Dollar (DXY) hitting the 61.8% Fibonacci retracement level.
Now the climb begins, with the first target around 125 for the Dollar Index.
The potential peak?
144, though we’ll likely see corrections along the way.
Buckle up—volatile times ahead... 🧐🧐🧐
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Related publications
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.