DXY, Following Whooping Rate Hikes..
Fundamental View:
DXY is at critical point i.e 109. It has reached
ATH after 20 years. In 2002, we saw DXY at this
zone.
DXY intends to break 109 zone as inflation is
at it's peak, whooping 75bps and rumours of
insane 100bps rate hike, positive NFP and also
fear of recession causing extreme panic in the
market. Investors are selling everything just to
remain only in SAFE HAVENS.
Technical View:
DXY is at strong multi years rejection zone.
We can clearly see DXY is trapped in Bearish
Flag inside Bullish Channel.
Price has finally travelled gradually up to reach
upper trendline of Bullish Flag after 20 years.
Q3 might be the breaking point of 109 zone only
if fundamentals are strong otherwise TAs are
extremely against further incline of Dollar.
If it breaks above then God knows what brutality
it might bring on to us. We have already witnessed
crashes for past several months but We might see
Mother of Crashes soon of Dollar keeps on strengthening.
Feel free to share your opinions as well:)
DXY is at critical point i.e 109. It has reached
ATH after 20 years. In 2002, we saw DXY at this
zone.
DXY intends to break 109 zone as inflation is
at it's peak, whooping 75bps and rumours of
insane 100bps rate hike, positive NFP and also
fear of recession causing extreme panic in the
market. Investors are selling everything just to
remain only in SAFE HAVENS.
Technical View:
DXY is at strong multi years rejection zone.
We can clearly see DXY is trapped in Bearish
Flag inside Bullish Channel.
Price has finally travelled gradually up to reach
upper trendline of Bullish Flag after 20 years.
Q3 might be the breaking point of 109 zone only
if fundamentals are strong otherwise TAs are
extremely against further incline of Dollar.
If it breaks above then God knows what brutality
it might bring on to us. We have already witnessed
crashes for past several months but We might see
Mother of Crashes soon of Dollar keeps on strengthening.
Feel free to share your opinions as well:)
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