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.

Commentaire:

Tax reform is really a pain to DXY now ... this is good for us

Trade fermée manuellement:

Time to jump out seems like dollar is coming back