Imo DXY has completed the 5th wave and see 113-114 top.
Expect to see divergence of HH on price while LH on RSI for Weekly & poss monthly.
here's a scenario.... Due to drought in California has faced and continue to face in the next few months ahead, Food Imports could be a catalysis that will weaken the DXY. Possible pullback 16-20%.
This means we could see a rise in imports to accommodate the upcoming festive season and months thereafter.
To avoid a Trade deflect, would like to see Export production continue, if not then this pullback of the DXY could come to fruition.
Expect to see divergence of HH on price while LH on RSI for Weekly & poss monthly.
here's a scenario.... Due to drought in California has faced and continue to face in the next few months ahead, Food Imports could be a catalysis that will weaken the DXY. Possible pullback 16-20%.
This means we could see a rise in imports to accommodate the upcoming festive season and months thereafter.
To avoid a Trade deflect, would like to see Export production continue, if not then this pullback of the DXY could come to fruition.
Note
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Looking at UK100 about to bounce back here. Retest on ascending triangle then up? Also OBV is insanely in accumulation Note
DXY now in Zone Note
might see further upside... Note
Watch your Head Note
Above pic is a high confluence. Target is also in confluence with Pivots...Note
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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.