ridethepig

ridethepig | Dollar Breaking Out

ridethepig 업데이트됨   
TVC:DXY   미국 달러 인덱스
In the comments on the previous chart, we became better acquainted with the technical resources available and the lines in the sand which sellers were using to defend the topside in dollar. Since this should hopefully be of great practical value, and why I love talking markets on tradingview rather than twitter is because we can follow up with second and third charts to show progress in the instructive manner.


We knew the highs were playable, a more solid flow to 95.4x is/was wide open. Now buyers have taken the highs, they can begin to squeeze their opponent slowly, though this attempt could well be parried as we still inside an expectation of a corrective ABC (my suggestion). The swing up which is in play and needing to be reached to reload resources, such as:

=> 95.4x
=> if broken ... then 96.3x

You should take a look at the swings which arise here.

It seems to me Powell accepted defeat with Jackson. A very restrained move, which has been decided upon via tapering expectations and the dollar being the most effective place to park capital. Remember they have never defaulted on the currency, we are watching the door close in China, Russia, the Middle East and to a lesser extent Europe via the introduction of CBDC's.The position we have here at 96.3x appears really harmless but it is actually extremely dangerous, an impulsive leg in dollar will send shockwaves across the FX board and with both inflation and deflation are knocking at the door, equities are like a deer in the headlights.... in positions like this, we should play with extreme care.
코멘트:
very interesting dynamics... all looking very clear...
코멘트:
we need to hurry up and complete the moves here before things take a turn for the worse in USD ... watching 93.7x very closely over the coming sessions
거래청산: 타겟 닿음

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