Everytime since US Dollar Index ( DXY) began its major uptrend on 15th February 2018, DXY has made :
Higher Lows followed by corresponding Higher Highs i.e
After every Higher Low its has rallied to take out the previous Higher High.
So what can we expect this time : All the fundamental factors still point US Dollar strength for a couple of more weeks ( 3 to 6 weeks ) and that implies weaker USD based currencies like EURUSD or GBPUSD , etc
NOTE: it means if this pattern is bound to repeat itself and the rally has not died then we should expect the DXY to rally and take out 97.00 Level before dropping again to a higher low . if the Trend is dead then expect DXY to drop and break the previous Higher LOW .
Assumptions for next 3 to 6 weeks, if the above pattern holds:
Stronger DXY = Long DXY = Short EURUSD , Short GBPUSD
LONGS ( BUY) :
--- DXY
--- USDJPY
--- USDCAD
--- USDCHF
SHORTS ( SELL):
--- EURUSD
--- GBPUSD
--- AUDUSD
Higher Lows followed by corresponding Higher Highs i.e
After every Higher Low its has rallied to take out the previous Higher High.
So what can we expect this time : All the fundamental factors still point US Dollar strength for a couple of more weeks ( 3 to 6 weeks ) and that implies weaker USD based currencies like EURUSD or GBPUSD , etc
NOTE: it means if this pattern is bound to repeat itself and the rally has not died then we should expect the DXY to rally and take out 97.00 Level before dropping again to a higher low . if the Trend is dead then expect DXY to drop and break the previous Higher LOW .
Assumptions for next 3 to 6 weeks, if the above pattern holds:
Stronger DXY = Long DXY = Short EURUSD , Short GBPUSD
LONGS ( BUY) :
--- DXY
--- USDJPY
--- USDCAD
--- USDCHF
SHORTS ( SELL):
--- EURUSD
--- GBPUSD
--- AUDUSD