We are building a giant head and shoulders pattern on the daily DXY chart.
One could go short here between 101 and 102$ in the right shoulder or can wait for the breakdown of 100$.
I think we can count on Trump to weaken the dollar in his first year.
All the indicators are building divergencies : TSI, MACD, RSI.
As soon as we work down the oversold circumstances in RSI we are going to break down the 100 $ level. Most probably next week.
One could go short here between 101 and 102$ in the right shoulder or can wait for the breakdown of 100$.
I think we can count on Trump to weaken the dollar in his first year.
All the indicators are building divergencies : TSI, MACD, RSI.
As soon as we work down the oversold circumstances in RSI we are going to break down the 100 $ level. Most probably next week.
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The bigger picture is still a megaphone to me.
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I modified the first drawings a bit.
It seems the right shoulder is just finished and we are breaking down soon.
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Trump just has finished the right shoulder.
We will break down now.
We will break down now.
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The trade war has begun. Trump started to work.
www.zerohedge.com/ne...sly-undervalued-curr
www.zerohedge.com/ne...sly-undervalued-curr