Description
⋅ The yearly DXY chart shows that the 2 to 3 year target is 130 on the index.
We see a one of the cleanest looking cup and handle pattern chart formations.
There is a tradeable void all the way up to 120. This means the dollar will trade quite fast into 120. 120 could be time for pause.
This 1 to 3 year move could potentially crush metals and commodities and also the DJIA very significantly.
In addition it will crush economies outside of the USA and lead to a huge debt crisis.
Long dollar likely to be one of the FEW longer term bullish long trades to take.