andrewman520
Long

LONG nice RR for DXY. SL at 95.8 below the 96.00 and TP 98 above

TVC:DXY   US DOLLAR CURRENCY INDEX
105 0 2
While Thursday morning, the FOMC is releasing out the Target interest rate . The market is price in 50/50 of the possibility of rising interest rate . Based on the weekly chart and this dayily chart, the DXY             is showing relative over sold and divergence with the price. So two indicator give you the exact same signal for divergence. and the fundamentally supporting the DXY             .

Basically the market is price in the "no interest rate increase on March", while the fact come out the market, the market will price in the JUNE fact which they are most likely to increase interest rate to catch up the pace of the inflation .

Watch out for the rally. It will be strong.

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