If it is going to turn, Now would be a good time.

The media is massively FUDDING the USD.

I do not believe this is a coincidence that we experience this at such a critical perhaps turning point double bottom on the DXY.

Its hard to hold dollars right now, They've been crushed for awhile, and assets have been going up.

I am suggesting this ends soon.

If we go below the white box, im a complete clown.

Note

Okay it felt like taking peoples stop losses first, then reversing up. Same idea still. No clown hat yet.

Note

Looking good.

Note

Just noticed its a falling wedge maybe sorta kinda

Note

Taking quite some time here, but the idea remains the same.

Note

ALERT. WEDGE BROKEN.

Note

I mean, still followin the plan it seems.

Note

Bullish div on Macd
Same w shape on the Macd averages

Critical support held and showed a reaction on price...

Falling wedge broke to upside

Rates moving higher for longer...

Note

Keep er goin!

Note

Seems like a good place to end the correction and continue up.

Note

I mean, if i can see it so can everyone else.

Note

Lets see if it lasts. some important resistances are not far above us now. Namely the 100 day moving average and the march 2023 swing high of 105.88

If these are cleared, i dont see why we dont test new All Time High.

Some ask why I track this, and simply, if the DXY is trending, it usually impacts broader markets in one way or another.

IF DXY is not trending, and rather it is ranging, then markets tend to do quite well.

so for markets to continue doing well, you would hope dxy does not break 105.88.

MikeMM

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.

MikeMM