Cousin_Fat_Fat

Monthly DXY Forecast

Long
TVC:DXY   U.S. Dollar Index
DXY

DXY Monthly has broken out of a descending wedge, set a double bottom, and is now approaching the recent peaks ('16 & '20), just under 104.

If the breakout occurs, I am expecting a run up to the '01 DXY peak around 120 level.

Forecast based on fib extensions, guided by the Andrews Fork.





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.