Weekly structure suggest huge bullish Flag with ending corrective structure. it could be 3 or 5 waves.
Smart money over the globe is taking refuge in dollar and bonds which could inflate the dollar more and more.
So the fundamentals totally supports the technicals to dxy for breakout above 100.
Strength of DXY could be serious problems for other USD pairs.
ps. Arrows shown in the chart has no specific value, it just shows the direction of waves. Please calculate your own entry prices and strategy for the trade based on your a/c and risk management.
Smart money over the globe is taking refuge in dollar and bonds which could inflate the dollar more and more.
So the fundamentals totally supports the technicals to dxy for breakout above 100.
Strength of DXY could be serious problems for other USD pairs.
ps. Arrows shown in the chart has no specific value, it just shows the direction of waves. Please calculate your own entry prices and strategy for the trade based on your a/c and risk management.
Comment:
Touched 100
Comment:
Broke Out: For more Upside look for flags
Comment:
Expecting Small Pullback on 4hr
Comment:
Update on daily
