Since 2015 Q1, the USDOLLAR was trapped in a huge cosolidation phase related to whether or not the FED would hike rates.
As of today, it looks like a channel is forming on the daily chart. Which could be in fact, the wave 4 (ABC correction) of a larger super-cycle.
We can also see that bottoms/top are also taking place in many USD pairs.
It's still a be early to call the short. Many the current channel will break south. Which in that case could complicate things for the USDOLLAR.
As of today, it looks like a channel is forming on the daily chart. Which could be in fact, the wave 4 (ABC correction) of a larger super-cycle.
We can also see that bottoms/top are also taking place in many USD pairs.
It's still a be early to call the short. Many the current channel will break south. Which in that case could complicate things for the USDOLLAR.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.