Wave-Trader
Short

DXY The only direction is bearish

TVC:DXY   U.S. Dollar Currency Index
Hi there,

We are longer term bearish on USD it is struggling for more upside. Soon we will see a big drop on USD which will surprise the market.


How you can trade on this chart.

1. Price is about to test the top watch price action on 15 minutes time frame and look for sell form top and keep adding once price fall sharply

Or

2. Wait for the price to form the 15 minutes impulse and then look for sell on 15 minutes correction.

Good Luck.

DXY drop means there will be many Good Setups on then USD pairs.
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Comment:
Comment:
Thanks for sharing. How do you analysis on USDCNH? I think will hit the 6.76 below.
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Yes...I also expect EUR to be making a major turn, either upward or sideway, that means for DXY, either downward or sideway, and it will last for over a year.
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If DXY will go down in next few weeks/months then XAUUSD will shoot to the moon! O.O Any update on that analysis?
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Do we have double top on weekly after this week ?
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rate cut coming will catch market by suprise
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I know brother.
but it just dont wanna go! haha
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Thanks for update. Quick question, if DXY go down then US30 (DJI) will go up, is there any correlation? Thanks
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VulcanoRosso telsilicon
@telsilicon, yes but not always.
Dropping DXY says ; investors are expecting eased monetary policies from FED (rate cuts , QE , etc...) which triggers the stock market to the upside.
Many analysts already mentioned ; FED may begin to cut rates later this year because of high downside and recession risks.
The economic crisis may begin later this year or in 2020. but i think it won't be as bad as 2008 financial crisis.
Till that time we may see a new record highs on DJI and SPX.I think they formed the temporary bottoms in 2018...
Stocks markets now on downtrend it may continue like this for a period of time , but after that i'm expecting a strong upside reversal on all major global markets.
good luck.
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