DXY is flipping the trend - FED printing now equals deflation
After the beautiful whipsaw - dollar bulls are now fighting back. Whenever the FED prints it will be deflationary for the dollar and other countries will devalue to stay competitive with us and will push the dollar back up. Gold is going down imo...
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Dollar on the 1 hour chart is showing a complete reversal candle along with a TTM Squeeze firing off. This bitch is taking off!
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Weekly chart: Price went past the 200 moving average and hit support from back in 2015. Definitely a decision point for the dollar.
Weekly chart: Price went past the 200 moving average and hit support from back in 2015. Definitely a decision point for the dollar.
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Daily chart signals another squeeze taking place - this move could be the spark
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Hourly chart: the deep rejection bar today combined with a squeeze while straddling the 200 moving average - big move is coming. May take till Tuesday to see it.
Hourly chart: the deep rejection bar today combined with a squeeze while straddling the 200 moving average - big move is coming. May take till Tuesday to see it.
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Here's the monthly chart with support and the 200 moving average - which is starting to trend flat to upwards.