DXY Pre rate hike pattern signals a top nearby

TVC:DXY   U.S. Dollar Currency Index
The U.S. Dollar index is rising aggressively since yesterday's confirmation by Jerome Powell that on the March event the Fed will indeed start raising the interest rates again. In the most recent rate hike event on December 16 2015, the DXY also starting rising 7 weeks before the event itself. As you see the patterns are quite similar, as both started rising after the formation of a Triangle.

As a result, even though a final rally is possible, starting to build up sell positions would be the safer investment choice on the long-term.


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