-DXY forming a potential multi decade long inverse head and shoulder & or a triple bottom.
-We have broken the angled resistance and gone through consolidation. As a result, we have moved up in a parabolic fashion.
-I anticipate continued strength up untill "Zone 2" in which we will experience consolidation & volatility for a good duration of time in the range of roughly 120 and 126.
-This will be followed with further strength up until "Zone 3"; in which we will have to reevaluate market conditions.
Conclusion: Unfortunately this will wreck havoc on global scale; take this as an opportunity to buy assets @ cheap valuations when we see a topping pattern on the DXY. Just as quickly as it can rise, it can fall - the DXY at extreme levels have too much of an effect on the rest of the world; it isn't sustainable.
-We have broken the angled resistance and gone through consolidation. As a result, we have moved up in a parabolic fashion.
-I anticipate continued strength up untill "Zone 2" in which we will experience consolidation & volatility for a good duration of time in the range of roughly 120 and 126.
-This will be followed with further strength up until "Zone 3"; in which we will have to reevaluate market conditions.
Conclusion: Unfortunately this will wreck havoc on global scale; take this as an opportunity to buy assets @ cheap valuations when we see a topping pattern on the DXY. Just as quickly as it can rise, it can fall - the DXY at extreme levels have too much of an effect on the rest of the world; it isn't sustainable.