So a few days back I had an idea about DXY
entering the cloud and what might happen, it seems now that we have broken the cloud and DXY
may be going down more. If we look at fib retrace after this long climb and target the 38.2% level, there will be a big fall. Here we need to have a look at the 26 lagging line from the ichimoku
, if this follows in to the cloud and break it to the down side then yes DXY
is falling, but that signal may be too late.
Again allot can happen with tomorrows news and the FOMC especially.