DXY FALLING WEDGE BREAKOUT CALLS FOR 100 DXY TARGET
Cập nhật
The DXY has broken out of a falling wedge pattern for a few days now. Now, the 20-day moving average has crossed the 50-day moving average, adding further credibility to this breakout.
Medium-term target is 100 on the DXY index . Keep in mind the DXY is heavily weighted with EUR and JPY. For a better idea of how the dollar is doing globally, I would advise to look up the Trade-weighted U.S. Dollar Index, available on the FRED website. To note, despite a double-top pattern on the DXY, the dollar on a trade-weighted basis has made higher highs.
I am of the opinion that the dollar rally is not over, and that the recent correction is merely a correction in a longer-term dollar rally. I anticipate more pressure on EMs, commodities , and remain neutral to bearish on PMs.
Medium-term target is 100 on the DXY index . Keep in mind the DXY is heavily weighted with EUR and JPY. For a better idea of how the dollar is doing globally, I would advise to look up the Trade-weighted U.S. Dollar Index, available on the FRED website. To note, despite a double-top pattern on the DXY, the dollar on a trade-weighted basis has made higher highs.
I am of the opinion that the dollar rally is not over, and that the recent correction is merely a correction in a longer-term dollar rally. I anticipate more pressure on EMs, commodities , and remain neutral to bearish on PMs.
Note
DXY breaks triangle.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.