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Topic: DXY Feb 2020 (Read 72 times) previous topic - next topic

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  • ken 
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  • Global Moderator
DXY Feb 2020

Re: DXY Feb 2020
Reply #1
Am I correct Ken in thinking RSI and MACD are rich and value is above channel so you are suggesting a top in the dollar relative to other fiats?

  • ken 
  • [*][*][*][*][*]
  • Global Moderator
Re: DXY Feb 2020
Reply #2
Am I correct Ken in thinking RSI and MACD are rich and value is above channel so you are suggesting a top in the dollar relative to other fiats?
RSI is extended and I foresee a pullback to the 98 level as a short term correction. Look at the EURUSD and it is a waterfall event. Money seeks safety and the EU as a entity has a short life span IMHO. When the EU falls apart you will see the US dollar take off big time. Its the only game for a safe bet, albeit an illusion but that's the market.
Think ETF before that time comes.

  • ken 
  • [*][*][*][*][*]
  • Global Moderator
Re: DXY Feb 2020
Reply #3
To show you how nicely the dollar is doing let's look at a bearish dollar etf...


Looks like the turn around in the DXY is soon!
  • Last Edit: February 21, 2020, 01:18:42 PM by ken