nagihatoum

DXY quarterly is extremely bearish

ICEUS:DXY   U.S. Dollar Currency Index
breakdown of a diamond top reversal pattern at the resistance of a descending wedge. Rejection at the retest of a quarterly order block (trapped buyers looking to sell). Quarterly MACd crossed and pointing down.

This will result in a bearish trend of at least 3 years. Last rejection from falling wedge resistance resulted in a 7 years bearish trend.

Weakening dollar means a surge in cryptocurrencies and precious metals.

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