BullnBear_Markets

DXY Bear Market

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Imo DXY has completed the 5th wave and see 113-114 top.

Expect to see divergence of HH on price while LH on RSI for Weekly & poss monthly.

here's a scenario.... Due to drought in California has faced and continue to face in the next few months ahead, Food Imports could be a catalysis that will weaken the DXY. Possible pullback 16-20%.
This means we could see a rise in imports to accommodate the upcoming festive season and months thereafter.

To avoid a Trade deflect, would like to see Export production continue, if not then this pullback of the DXY could come to fruition.

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Looking at UK100 about to bounce back here. Retest on ascending triangle then up? Also OBV is insanely in accumulation
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DXY now in Zone
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might see further upside...
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Watch your Head
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Above pic is a high confluence. Target is also in confluence with Pivots...

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Aviso legal

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