Bastianelton

EURUSD to the Ground, DXY to the Moon!

Long
TVC:DXY   U.S. Dollar Index
I've called out stronger Dollar for months, and all targets have been reached. Go through my old posts to see previous markets being called out. And now, lets do it again... :)





DXY ANALYSIS:

Interest Rates:
The FED just raised the Interest Rates from 1,750 % up to 2,500 %. That gives us a Long-Term view on how Banks and Institutions are positioned in the marketplace.
The Interest Rates Market is the biggest and most important market, so that's why we follow it. It's like the father of all markets, whereas the forex market, stock market, futures market, crypto markets are its kids.


Bonds & Yields:
The Bond Market is inversely correlated with DXY.
Bonds just rebalanced and fully filled its Monthly Premium FVG. The Monthly candle also closed below a Bullish candle, and that Bullish candle should act as an OB for price to remain below.
If Bonds are poised to go Lower, Yields will increase. And price chases yield. I'm seeing the US30Y Yield reach up to 4,0 % and then potentially up to the equal highs at 4,852 %.

So in short:
I'm Bearish on the Bonds, and Bullish on the Yield - which both indicate that DXY will go higher.



Commodities:
Using the Gold Futures chart (GC1!), I'm expecting the Equal Lows to get taken out to at least around 1680.
If Golds go DOWN, DXY will then go UP...


(I didn't include the Bond Market/Yield, nor Golds in this chart as it took up too much space on the chart. Go to your own chart yourself and you'll see what I'm pointing at in these markets).




DXY:
On DXY chart, next target is a FVG where we might see some sensitivity, and should it get breached to the upside - the next target for DXY is the Equal Highs (they also have a LRLR signature, meaning itæs easy to go to and through them).
123.00 looks like a good area to sweep. I'd be content with that.

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EURUSD:
Obviously, EURUSD and DXY are inversely correlated. So when one goes up the other one goes down.
So again, I have a strong bias for DXY to go UP, which means EURUSD should go DOWN...
Nice Sellside Liquidity Pool at 0.83540. I wanna see it sweep and reach down into 0,8000.

As of from today where price currently is, I have a 2100+ pip target for EURUSD.




...

So travel to USA before it's too late when the Dollar is super expensive lol

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