As I forecasted in my last 2 ideas, DXY finally made its move. I love these moves when there’s no economic events as the leading sentiment at the time will continue the trend.
My forecast tells me dxy will go to around 95/6 and range there for a while before another crash. My first target is March 2021 high, then the nov 2020 high, then the sept 2020 high and the covid flash crash low which aligns with the sept 2020 high, then lastly June 2020 low and I think we range there for a while.
Now we wait for the 50MA to cross the 200MA to give us a golden cross, which will likely happen later this week or early next week.
Remember, nothing goes up or down in. A straight line, so expect some retracements along way and use those to get your entries. I can easily see us retesting the 20MA just after or before the golden cross.
Note: this isn’t financial advice, do your own research.
My forecast tells me dxy will go to around 95/6 and range there for a while before another crash. My first target is March 2021 high, then the nov 2020 high, then the sept 2020 high and the covid flash crash low which aligns with the sept 2020 high, then lastly June 2020 low and I think we range there for a while.
Now we wait for the 50MA to cross the 200MA to give us a golden cross, which will likely happen later this week or early next week.
Remember, nothing goes up or down in. A straight line, so expect some retracements along way and use those to get your entries. I can easily see us retesting the 20MA just after or before the golden cross.
Note: this isn’t financial advice, do your own research.
