The DXY is showing signs of a reversal with a head and shoulders pattern here. We are going from higher lows to lower highs.
If you follow my work, I believe the dollar will be going HIGHER and this is what will cause all the problems in the world to get worse. Pullbacks are expected and normal.
98.50 zone is the one to watch for first targets.
Market is now pricing in more rate cuts this year after the bad PMI rating. 2 rate cuts this year rather than 1. If you follow my work, I have been saying that interest rates will be going to 0. Central banks are stuck. They cannot admit they have failed. This is all about maintaining confidence in the system. Confidence crisis is coming.
I talked about EURUSD yesterday, and it is an inverse of DXY and we also see a head and shoulders triggered:
Euro Futures also showing a reversal head and shoulders pattern:
If you follow my work, I believe the dollar will be going HIGHER and this is what will cause all the problems in the world to get worse. Pullbacks are expected and normal.
98.50 zone is the one to watch for first targets.
Market is now pricing in more rate cuts this year after the bad PMI rating. 2 rate cuts this year rather than 1. If you follow my work, I have been saying that interest rates will be going to 0. Central banks are stuck. They cannot admit they have failed. This is all about maintaining confidence in the system. Confidence crisis is coming.
I talked about EURUSD yesterday, and it is an inverse of DXY and we also see a head and shoulders triggered:
Euro Futures also showing a reversal head and shoulders pattern:
