1. We need to get down there to pick up liquidity. 2. Going north from where we are would be almost impossible due to very little preliminary demand 3. Extreme volume in selling from this 94.475 top. 4. All tells the story towards DXY will go down, hit that 90.xx liquidity on maybe election day, at that point we'll have to see the reaction. I don't know if USD will make this mega recovery but I expect a decent reaction. 5. This would fit in so well with a stock market crash at the same time. 6. EURUSD points exactly the same story. UP. If EurUsd would be going down from here, where is the SOS south? It could develop of course and as a trader, you're allowed to change your mind 100x a second, so take these static analyses with a big grain of salt.
So my hypothesis right now is that a. Gold and EurUsd would make a good run from this week. b. Stockmarket...unsure if it will make another high but I'd love to see that and why not, otherwise a tringle on the daily. c. USDJPY to dump from here for the next month I think from memory. d. Also, without showing you the chart AUDJPY looks like it has a long way down from here if JPY futures break north and AUD futures continuous south :-)
But, in saying that, it seems pretty likely that DXY will do a recovery and not completely dump. Due to this big UT which indicates strength. and some kind of hum that I think the DXY will come out stronger than most other currencies now that the world is about to go into a big recession.
speedracer1234
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As I said, we will see a reaction at the green line, it could be very small and DXY continues to dump, that is further away then I've thought so never mind that super recovery drawing I drew.