DXY Dollar strenght ahead?
Fundamentals:
The US #10year #yield is aiming for 4% whilst the US 2 year yield is aiming its previous hight.
This is most probably on the back of higher sticky inflation which will require higher rates from the FED. This development is positive for the relative strenth of the #dollar in the #dxy
Technicals:
On a weekly graph, the DXY (inspite of a short spike) has traded inside a falling wedge. We are now trading at the top of the falling wedge.
Within the falling wedge, we currently have a right shoulder as part of an inverse head & shoulders pattern.
Potential Upside:
If we see both the falling wedge and inverse head & shoulders breaking to the top, the wedge's projected move is marked in yellow and the inverse head & shoulders projected moves are marked in white.
The US #10year #yield is aiming for 4% whilst the US 2 year yield is aiming its previous hight.
This is most probably on the back of higher sticky inflation which will require higher rates from the FED. This development is positive for the relative strenth of the #dollar in the #dxy
Technicals:
On a weekly graph, the DXY (inspite of a short spike) has traded inside a falling wedge. We are now trading at the top of the falling wedge.
Within the falling wedge, we currently have a right shoulder as part of an inverse head & shoulders pattern.
Potential Upside:
If we see both the falling wedge and inverse head & shoulders breaking to the top, the wedge's projected move is marked in yellow and the inverse head & shoulders projected moves are marked in white.
Feragatname
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