Hey heads up it's time to go against DXY
So, there was a lot of tension over the emerging market in the past several weeks due to non-stop appreciation of the dollar even my fund (The place I work at) was worry about it. You can check up my view on my latest DXY analysis where I suggested to long the DXY, but, recently, I closed it because of "debt ceiling" and delayed "tax reform" news are good catalysts for this reversal trade and this is why it's a good time to go against the greenback now. We don't even have to look at graphs because the last time I checked it's losing a momentum both in day and week. Check it out down below
Day
Fisher has already signaled a reversal so it's a good chance for us to position our trade against it now.
Week
In a weekly time frame, eventhough, it hasn't crossed down in the Fisher transform yet, but, week-to-date, I have been looking at the Inverse Fisher (An inverse function of fisher; which implies trend better) and earlier this week it crossed up above zero which suggests a positive momentum, but then today it has reversed and even the price says it all - it's done.
Also, I want you to trade anything that is against dollar as well which means to go to emerging market stocks - you get the idea.
Day
Fisher has already signaled a reversal so it's a good chance for us to position our trade against it now.
Week
In a weekly time frame, eventhough, it hasn't crossed down in the Fisher transform yet, but, week-to-date, I have been looking at the Inverse Fisher (An inverse function of fisher; which implies trend better) and earlier this week it crossed up above zero which suggests a positive momentum, but then today it has reversed and even the price says it all - it's done.
Also, I want you to trade anything that is against dollar as well which means to go to emerging market stocks - you get the idea.
Catatan
Tax reform is really a pain to DXY now ... this is good for usTrading ditutup secara manual
Time to jump out seems like dollar is coming back
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.