DXY has left the LAUNCHPAD and is unlikely to return home until its surpassed 160!
From the chart we can see that DXY has...
- Emerged from the falling wedge with a measured move target of +72, taking us upto 160 OR BEYOND
- Has retested the falling wedge trend line and created a double bottom support
- DXY has performed these feats before (1980-1985) and is showing a similar emerging shape in the chart pattern and RSI
- If history repeats, we can expect this trend to continue through to Approx. 2025
Once these trends establish themselves its highly UNLIKELY that they do not go on to fulfil their potential. TIME IS RUNNING OUT for the DXY to get off this trajectory.
CONCLUSION: Long the DXY, Hold your DOLLARS
From the chart we can see that DXY has...
- Emerged from the falling wedge with a measured move target of +72, taking us upto 160 OR BEYOND
- Has retested the falling wedge trend line and created a double bottom support
- DXY has performed these feats before (1980-1985) and is showing a similar emerging shape in the chart pattern and RSI
- If history repeats, we can expect this trend to continue through to Approx. 2025
Once these trends establish themselves its highly UNLIKELY that they do not go on to fulfil their potential. TIME IS RUNNING OUT for the DXY to get off this trajectory.
CONCLUSION: Long the DXY, Hold your DOLLARS