The Dollar has peaked no question about it, however with the recent upside inflation surprises in Australia and Spain as well as expecting 6.4 % headline CPI for the month of Jan in US versus a much lower read compared to month of Sept which the reported inflation was 6.5 % , the Dollar needs to make a comeback now or the inflation will be much more stickier resulting in an stagnant economic environment. enough with the talking lets see what pattern do we see on DXY: It appears to be a classic 12345 impulsive move down and highly likely the pattern is complete for this cycle, next we need a correction probably coming to trend line.
Previous analysis:
This Idea could be wrong do your own research
Previous analysis:
This Idea could be wrong do your own research
Note
looks more upsideNote
the correction is over expect new low
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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.