#DXY is preparing to rewrite a story in its historical cycle..
Looking at the #DXY monthly chart; We can see that #DXY movements have been in a wedge pattern for many years. The point I want to draw attention to here is that # DXY is a well-functioning historical symmetry in the market cycle.. Local peaks in Wedge pattern usually appear in February, while local bottoms usually appear in July.. After the #DXY has left the wedge patter, we can say that it has done a very successful retest, as I mentioned in the chart, the dollar looks absolutely ready for a long-term serious rally on a global scale.. I think that we will experience a period in which the currencies of developing countries will be badly damaged in the coming years, we will wait and see..
To summarize briefly, I am waiting for a pattern in dxy that I mentioned in the chart.. Also, I think that historical symmetry will continue in the market cycle..
Disclaimer: Please do your own due diligence when it comes to trading.. Invest at your own risk..
I wish you all the best..
Looking at the #DXY monthly chart; We can see that #DXY movements have been in a wedge pattern for many years. The point I want to draw attention to here is that # DXY is a well-functioning historical symmetry in the market cycle.. Local peaks in Wedge pattern usually appear in February, while local bottoms usually appear in July.. After the #DXY has left the wedge patter, we can say that it has done a very successful retest, as I mentioned in the chart, the dollar looks absolutely ready for a long-term serious rally on a global scale.. I think that we will experience a period in which the currencies of developing countries will be badly damaged in the coming years, we will wait and see..
To summarize briefly, I am waiting for a pattern in dxy that I mentioned in the chart.. Also, I think that historical symmetry will continue in the market cycle..
Disclaimer: Please do your own due diligence when it comes to trading.. Invest at your own risk..
I wish you all the best..
