U.S. Dollar IndexShort
Major pivot for DXY
A possible major pivot point is in the making. The Dollar may just reach it's third lower top . I expect a pullback from here to the lower trendline of the triangle. For such a long timeframe it's not possible to nail it on the day. It may take a few more weeks for confirmation. A brake above 103 would be extremely bullish long term.
My view on the Dollar is extremely bearish over the next years to come. The FEDs hiking cycle will end very soon. The world is going to turn away from the US $ . Commodities Will go up a lot. Cryptos will be very bullish after the Dollar shows a clear down trend. Same with Gold and silver. If the DXY breaks 103 everything is different.
My view on the Dollar is extremely bearish over the next years to come. The FEDs hiking cycle will end very soon. The world is going to turn away from the US $ . Commodities Will go up a lot. Cryptos will be very bullish after the Dollar shows a clear down trend. Same with Gold and silver. If the DXY breaks 103 everything is different.
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.