DXY

DXY



We are very close to starting the next leg down in the US dollar             . We could not hold above the 95 area and we can see the uptrend since march is weakening quickly. Once we break the black trendline I am short and the first stop should be back to 93. There are two possible wedges I could see today however over the next few months we could see 80 in the DXY             . Especially with the trade war which is bad for America, rising oil             prices and rising bond yields, this seems to be a deadly combination for the dollar.

Be the first to comment

Leave a Reply

Your email address will not be published.


*