YungFinance

DXY: THE BIG PICTURE

INDEX:DXY   U.S. Dollar Index
When something is unclear up close, it is often more attainable from a broader perspective. Rarely do traders look at the big picture when evaluating a trend. What people dont know about the DXY             is that it has travelled to much higher price ranges than its current treading grounds. When we look at a large time scale, we see that the recent USD rally is a lot less unique than we thought. Although DXY             is in consolidation, we should see the bullwave continue, or break down by the end of 2015 or start of 2016. Currently, the DXY             is in a classic "Grow-Consolidate-Grow" pattern that we see in every bull market. Unless this trend breaks downward out of consolidation, I am still bullish . Another key indicator is to watch the news to see if they are tracking the capitulation of the USD, often a strong indicator that growth will continue for a longer period of time. Stay solvent :)
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