rrmhearts

DXY Re-enters ascending wedge for bearish future

Short
rrmhearts Updated   
TVC:DXY   U.S. Dollar Index
DXY has re-entered the ascending wedge that was support. My best guess is that we bounce off the 50 day MA and re-test resistance at top of wedge and see further downside. We'll encounter the 200 day MA by around March 2022. Rate hikes are already priced into the cake.
Comment:
I'm tickled how spot on this is so far.

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