U.S. Dollar IndexShort
DXY long term chart suggest bears in control
As we have seen 5 wave up from B, there is a huge probability the move down has started and most still unaware, could it be the trump effect?
He mentioned the dollar is too strong, which is true
cnbc.com/2017/01/17/trump-just-signaled-death-of-clinton-era-strong-dollar-policy.html
If USA is to stay competitive, devaluation is technically a good idea.
Not to forget trump want to boost its export, the best way is to devalue usd, lets see if my view will come true in years to come.
He mentioned the dollar is too strong, which is true
cnbc.com/2017/01/17/trump-just-signaled-death-of-clinton-era-strong-dollar-policy.html
If USA is to stay competitive, devaluation is technically a good idea.
Not to forget trump want to boost its export, the best way is to devalue usd, lets see if my view will come true in years to come.
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Related publications
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.