USDOLLAR long (did a weekly wave 4 just ended?)
Since 2015 Q1, the USDOLLAR was trapped in a huge cosolidation phase related to whether or not the FED would hike rates.
As of today, it looks like a channel is forming on the daily chart. Which could be in fact, the wave 4 (ABC correction) of a larger super-cycle.
We can also see that bottoms/top are also taking place in many USD pairs.
It's still a be early to call the short. Many the current channel will break south. Which in that case could complicate things for the USDOLLAR.
As of today, it looks like a channel is forming on the daily chart. Which could be in fact, the wave 4 (ABC correction) of a larger super-cycle.
We can also see that bottoms/top are also taking place in many USD pairs.
It's still a be early to call the short. Many the current channel will break south. Which in that case could complicate things for the USDOLLAR.
Feragatname
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