tdmpac
Short

Dollar Party Ending

TVC:DXY   US DOLLAR CURRENCY INDEX
33 0 2
We are at the end of a rising wedge, indicating a fall. likely a steep one. RSI / Stochastic also agree.

One can only wonder why the Fed would be hawkish and wanting to raise rates in the midst of China playing hardball with Treasuries and devaluations, and everyone else racing to the bottom with negative rates even...

US housing market is tightening up as well, due to China Increasing their controls to prevent more capital flight to the states...


With the 'curious' jobs data, and other official reports, all claiming the dollar to be King... I would wary of going further long on the Greenback.

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out