The DXY looks to be in a 9 year accumulation/distribution structure. We are currently in a retest phase for the last 2 years with the last year being a trading range that looks to be in phase C with a spring. Everyone is bearish the $$$, the BRICS are gonna start their own currency, printing $$$ like crazy and we are all gonna die. Maybe not.
Catatan
Nice move up and 105 is withing range, expect a little consolidation there, then a move to the 108-110 area. BRICS are looking to be a big fat nothing burger. But the dollar is dead, right?Catatan
Looks good so far. This could get ugly for the rest of the worlds currency. I think the EURO is about to get smashed.Catatan
Retrace complete. Looks to be headed higher now. 114 then 120?
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