1509 DXY facing a monthly correction
US is still on its sixth interest rate increase cycle which
could probably end in 2019-2010.
DXY is still on its ascending channel on monthly chart.
However,
it seems meet a really strong resistance by hitting that blue
zone WHICH CONNECT SO MANY RESISTANCE AND SUPPORT
ZONE ON MONTHLY CHART.
100 seems pretty hard for DXY.
Is that still possible to make 100 happen ?
Yes, as long as DXY stay inside that blue channel , it still
can pass 100 and make 100-102 happen in 2019-2010.
So this is going to take a year to finish.
What info we can get from such monthly chart?
A bear signal!
According to this chart, DXY could probably take few
months dropping from current position down to 91-90.
This is why there is a great chance to bull EURUSD N gold.
Less is more!
could probably end in 2019-2010.
DXY is still on its ascending channel on monthly chart.
However,
it seems meet a really strong resistance by hitting that blue
zone WHICH CONNECT SO MANY RESISTANCE AND SUPPORT
ZONE ON MONTHLY CHART.
100 seems pretty hard for DXY.
Is that still possible to make 100 happen ?
Yes, as long as DXY stay inside that blue channel , it still
can pass 100 and make 100-102 happen in 2019-2010.
So this is going to take a year to finish.
What info we can get from such monthly chart?
A bear signal!
According to this chart, DXY could probably take few
months dropping from current position down to 91-90.
This is why there is a great chance to bull EURUSD N gold.
Less is more!
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