I've recently been looking over long term charts of USD pairs. Technically they show setups for a possible strong move up in DXY. I'm going to post a series of these charts because I believe they may be supportive of a much stronger USD....
This is contrary to my opinion that the USD should weaken given a number of reasons...
I'm going to let the charts speak for themselves as technical setups often defy rational reasoning. Also, technical patterns that date back 50 years are being traded by people with much more money than you or I..... And the lines seem clean. Everything in this modern economy is manipulated.... SPY, Gold, Silver, Currencies....
USD bulls might not be ready to give up without a fight...
This is contrary to my opinion that the USD should weaken given a number of reasons...
- Freeze in interest rate hikes / possible cuts
- Halting QT program
- Record high US deficits
I'm going to let the charts speak for themselves as technical setups often defy rational reasoning. Also, technical patterns that date back 50 years are being traded by people with much more money than you or I..... And the lines seem clean. Everything in this modern economy is manipulated.... SPY, Gold, Silver, Currencies....
USD bulls might not be ready to give up without a fight...
