DXY could be making H&S over 3-4 years time

Indice devise Dollar U.S. (TVC:DXY)

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TVC:DXY Indice devise Dollar U.S.

Its important to watch out for currencies cycles, hence, DXY might be making H&S to correct against other currencies. Area to watch out is 96 level, where the shake outs could occur and major change in volatility in currencies occur.

Commentaire:

This scenario is playing in a right direction. DXY rejected the resistance area, and H&S is confirmed over longer time period. Yesterday, on daily, in it made a huge bearish engulfing, and today there might a follow through. Expecting DXY to come down drastically.

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