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#DXY - WIN or LOSS

TVC:DXY   Índice Dólar
Hello my Fellow TraderZ,

Currently this is the most important chart most of the traders eyeing upon - #DXY.

#DXY - an index containing the graphical representation of the strength of $USD against major currencies of the World.

We can see the #DXY is enjoying the Parabolic Blow off phase after making DOUBLE BOTTOM in JUNE 2021.

Now , after breaking certain important levels, it is approaching towards MONTHLY level of 120 after Dotcom Bubble in 2001.

As I can see we could possibly have two scenarios to play in the coming days :

1. GREEN - here #DXY will continue its path to 120 giving more pain to Equity markets.
2. RED - here I'm assuming this one to play (anticipating FED's soft behavior towards Rates' Hike), then we could see a retracement towards the 102 allowing Equities to enjoy relief rally in 3-5 months following a major crash globally which could possibly lead to mark the Cycle BOTTOM.

NOTE : - Not a Financial Advice, just my speculation.

CHEERS!!!

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