thehunchos2003

Short into the NEW YEAR - US DXY

Short
TVC:DXY   U.S. Dollar Index
US DXY is showing great short term strength.

It is currently trying to retest the top of the fractal.

After the retest, if there is no successful break, it is possible we see a trend reversal to the downside.

This is where we may retest the bottom of the fractal.

A bearish wave into the new year and up until February - Easter Time would make prices of other assets against the USD perform excellently.

Thank you.
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.