Detrended cycle, it might give some indication of the long term movement of DXY.
Half way to the end of the current cycle. The Price target might go up to touch the 101 again and followed by major falling, beware of the time signal to enter position.
Half way to the end of the current cycle. The Price target might go up to touch the 101 again and followed by major falling, beware of the time signal to enter position.
Comment:
well maintaned on the trend line.
Trade active:
Recap on the DXY cycle, the major falling come faster than I thought. From the chart, the DXY showed clearly the market expectation of rate hike compare to previous days was low. If we compare the data with previous data, US economic is slightly better and the Oil price for inflation is much higher than before. The DXY is hereby undervalued.
