DXY Ready for revenge?

Panjang

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

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TVC:DXY Indeks Mata Wang Dolar A.S.

It's looking like the DXY is ready to pop. Often DXY spikes coincide with geoplitical events, political chaos, and market corrections. From a technical bases, DXY is very oversold, and 90.5~ area looks like strong support. The 3 day and weekly RSI are diverging, and we have Demark TD8's on the daily and 3 day. I would be careful in metals+crypto+equities here, and I have taken a position in UUP calls.

Komen:

Ideally bottoms today. Early next week is a possibility but I'd like to see it hold 90.50~ area. Expect a news catalyst

Komen:

A good start! Nice hammer on the daily+3 day. The next few sessions will be key in determining if we can get a local bottom (or more) here, vs. a deadcat

White Lake Investment

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