DXY D1 - More of the same from this zone, bigger rejections being seen now, attempting to break this 103.000 handle, likewise gold is attempting to break this 1885 previous high price. Labour figures for the USD today, so this may help push this pair over the edge... or not.
Regime Change Indicator
The Russian ruble will let us know when the madness might end.
The Russian ruble has halved in value over the last four months, accelerating that trend recently, coincident with economic sanctions being imposed by governments and by corporations themselves. At the start of the war, some economists noted that the Russian economy might be...
The DXY is currently trading at around 96.62 just after breaking the bearish flag which it was in for almost a month after the drop from it's high of about a 100. With a break out of the bearish flag i expect to see the Dollar drop to around 93 which is equivalent to a -61.8 Fibonacci extension off the retracement Fib level starting from the high of the previous...
It's important to keep in mind previous price action when trying to assess both a currency pair and it's index at the same time. Let's not forget the freefall from the current all time highs through to 97, a drop of 2.5%.
After last weeks run up through both of our targets, we are now expecting a retracement within the current structure for the DXY. We expect...
