Hello friends, today Jerome Powell indicated that they should increase interest rates further more, they said same thing last month but it didn't give much strength enough to DXY enough, so I expect such a move which I have indicated in the chart... and J Powell speech indicates that there's loads of supply of US dollar in the market, and to make US Dollar strong, they should lower down the dollar note printing... and they have to lower the supply of US Dollar.... this indicates that US dollar supply is high, which means collapse of DXY... and I expect US dollar crash anytime soon, and I predict that it may happen after NFP report on 10 March...
Hope y'all wellness....
Hope y'all wellness....
Comment:
First target reached: 104.136
Trade closed: target reached
I expect testing 100.7 again before any growth... this crash doesn't mean DXY growth is over, but I am saying, DXY can test 100.7 again before the FED is starting to increase interest rates again...
and any step of increasing interest rates, it can lead US to recession for sure... and they agreed on increasing rates to 50 points on next FOMC Meeting....
### By closing daily candles above 106, this Scenario is canceled, but the probability of DXY crash is too high at this moment.... ###