The dollar was not able to break above 98.47 at the daily cycle high(DCH) . It's a very bad news for the dollar longs because now I'm 100% sure that we will break marginally down from the range in the next 2 weeks (blue).
The dollar is ready to print a DCL in the following 2 weeks. The DCL will come down minimum to the bottom of the range and most probably will break it down marginally.
After the DCL a new daily cycle will be started but it's going to be a weak bounce with a daily cycle high around 95 and it will end in a panic selling far below the range around 85$.
The dollar is ready to print a DCL in the following 2 weeks. The DCL will come down minimum to the bottom of the range and most probably will break it down marginally.
After the DCL a new daily cycle will be started but it's going to be a weak bounce with a daily cycle high around 95 and it will end in a panic selling far below the range around 85$.
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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.