DXY : Bullish on weekly structure.
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Weekly structure suggest huge bullish Flag with ending corrective structure. it could be 3 or 5 waves.
Smart money over the globe is taking refuge in dollar and bonds which could inflate the dollar more and more.
So the fundamentals totally supports the technicals to dxy for breakout above 100.
Strength of DXY could be serious problems for other USD pairs.
ps. Arrows shown in the chart has no specific value, it just shows the direction of waves. Please calculate your own entry prices and strategy for the trade based on your a/c and risk management.
Smart money over the globe is taking refuge in dollar and bonds which could inflate the dollar more and more.
So the fundamentals totally supports the technicals to dxy for breakout above 100.
Strength of DXY could be serious problems for other USD pairs.
ps. Arrows shown in the chart has no specific value, it just shows the direction of waves. Please calculate your own entry prices and strategy for the trade based on your a/c and risk management.
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Update on daily
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