I think we're inside of a strong DXY uptrend.
My original big USD bull forecasts were posted mid 2021.
Posted big exits near the high.
And starting to think we're into the next trend leg up.
I am naturally sceptical of persistent moves which makes me wary of buying with a DXY weekly chart like this but I've been shorting EURUSD / AUDUSD etc recently with tiny stops and it's been working out really well.
We might make a break of the 1.61 resistance here. If we do I think we're up to the 2.61 and then perhaps even the 4.23 after a pullback.
Long DXY to 114 and then after a pullback to 125.
My original big USD bull forecasts were posted mid 2021.
Posted big exits near the high.
And starting to think we're into the next trend leg up.
I am naturally sceptical of persistent moves which makes me wary of buying with a DXY weekly chart like this but I've been shorting EURUSD / AUDUSD etc recently with tiny stops and it's been working out really well.
We might make a break of the 1.61 resistance here. If we do I think we're up to the 2.61 and then perhaps even the 4.23 after a pullback.
Long DXY to 114 and then after a pullback to 125.