U.S. Dollar Index
Short

First Post of 2019, DXY Projection

51
After a great 2018 full of learning experiences it is time for a new year, a fresh start, and an opportunity to do better then we have ever done. I hope everyone had a good holiday. As usual my analysis is primarily on the chart, I don't like to type pages and pages of analysis.

I'm bearish on the Dollar as I believe the US Economy is due for a crash within the next 12 months or so. I see a bearish three drives pattern forming on the Weekly Chart.

We just had a Hanging Man + Bullish Engulfing candle form the last two weeks, I believe we should be seeing a bull run up to mid Feb or so.

I believe the 98-100 Level is going to be a challenge for us to break. ( Doesn't mean it won't happen), we have a lot happening at this level.

We have a .707 Fib level lining up with Monthly Resistance AND if price reaches this level it will be completing the Bearish Three Drives as well.

A must for me is to have divergence, currently we have it, if price makes another new high and the oscillators make a lower high, Things will be looking very healthy.

More coming soon.

#Manifest

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