DOLLAR INDEX - REVERSAL FRACTAL SIGNAL? | FALLING WEDGE

Panjang

Indeks Mata Wang Dolar A.S. (TVC:DXY)

TVC:DXY Indeks Mata Wang Dolar A.S.

trendanalysis chartpattern indicator fx dollar usd dxy currencies gold silver eurusd gbpusd

Dollar Index has taken a large hit due to the massive level of inflation experienced this year due to monetary covid response.
23.6% of all US dollars in circulation have been printed in the last year alone.
Since DXY has crashed and sold off deeply, a sharp reversal may be imminent.
At the minimum there could be a sharp move up and whether it sustains and pushes even higher is another question.
As a result, I will, at the least, be observing this falling wedge breakout during Q1 of 2021 as it has the potential to massively impact the financial markets and other positions to come.

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