DXY Exhausted
DXY parabolic rise has been broken. This kind of rise once exhausted usually results in a 7-12% crash for the DXY. Sometimes it goes almost straight to the 100 weekly SMA for a big bounce, or will trade sideways, still at elevated levels but the dumps are as big as the pumps, eventually reaching below the said MA. Retests and rejections at key MAs shown here and the structure are confirmations for at least a short to mid term bull run for risk-on assets.
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