Sine the late 1980's, DXY has often pushed up in the high 20% marks before changing trend
The main problem we have now, is figuring out just what trend we are about to see after its most recent high 20% push up and its subsequent 10% pull back
For me, there is little doubt, based on its performance in the past, that it is about to turn
The push up recently looks similar to that of 2015, in which case we will now see a return to recent high, drop back and one more push up in the next 18 Months, IF IT FOLLOW THE SAME TIME SCALE
Nothing is for sure and this is only an idea, Recession is incoming and obviously things will be done different to counter that as much as possible.
The First thing to take note of is the FED Rate hike on 1st Feb - THAT could change everythng
The main problem we have now, is figuring out just what trend we are about to see after its most recent high 20% push up and its subsequent 10% pull back
For me, there is little doubt, based on its performance in the past, that it is about to turn
The push up recently looks similar to that of 2015, in which case we will now see a return to recent high, drop back and one more push up in the next 18 Months, IF IT FOLLOW THE SAME TIME SCALE
Nothing is for sure and this is only an idea, Recession is incoming and obviously things will be done different to counter that as much as possible.
The First thing to take note of is the FED Rate hike on 1st Feb - THAT could change everythng