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Ben_vouh
May 19, 2023 7:47 AM

DXY inside a flag 

TVC:DXY1D
U.S. Dollar Currency IndexTVC

Description

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It looks like DXY is currently building a bear flag, so at some point the price may break the flag and DXY will go to lower levels.

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Possible green path if DXY can break out of the flag and find support:

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The green path is likely!

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Wave B might be done, so it could go down to Wave C next.
Good for Stocks!

Trade closed manually

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Trade active

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Short now.

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Rip dollar, sleep well!

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US inflation increasing.
Lets see how DXY will react!

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DXY could pop from here!

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DXY looks really weak now!
Good for stocks and crypto!

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EURUSD super bullish! its just a matter of days DXY will dump hard!

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DXY still bearish!
Chart PatternsWave Analysis
Comments
Afsars
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Exactly...
OGwavetrader
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Yes this is the bigger picture, great work buddy ;)
PeterGersi
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US government Gona borrow more money and dollar will be more weaker… so I think dollar go down…
AlanSantana
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It is actually bullish...
whitebird77
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good for Stocks and Crypto too?
Ben_vouh
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@whitebird77, ofc
whitebird77
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pls help me check USDMYR
my currency has been so weak for so long.
What is your mid and long term prediction on MYR?
thanks
whitebird77
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@Ben_vouh , we will gain USD once we sell our crypto to learn that the USD rates when exchange to our own country currency will not be as good as previously.
tintweezl
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yes, this guy gets it
whitebird77
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does that means BTC will be $200,000.00 each by August 2025 ?
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