It looks like DXY is finishing wave 2 correction in this huge, multi year pattern and it is getting ready for the next impulse up - wave 3.
So most things denominated in dollars like cryptos, gold, other currencies might start loosing value. We already see quite big downturn in cryptos, and that will resume for quite some time.
Wave 3 of 5 impulse waves very often is the strongest and the longest so this DXY bullrun might last for 2-3 years.
So most things denominated in dollars like cryptos, gold, other currencies might start loosing value. We already see quite big downturn in cryptos, and that will resume for quite some time.
Wave 3 of 5 impulse waves very often is the strongest and the longest so this DXY bullrun might last for 2-3 years.
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This is another perspective to look at.
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All according to the charts. DXY will be gaining.
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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.