The DXY is showing signs of a strong reversal, zooming in we can see why, price has struck an energy point, 2 lines intersect to form support, aided by a median line of the Pitchfork. Double support is usually strong, triple much stronger. I would expect that the DXY is seeking a daily cycle low with a flag. I place lower probability for 11 October being a cycle low.
Yorum:
The DXY cycle has failed, time to look long risk assets.
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