So based on the DXY chart and what with the FOMC over and providing a nice injection of volatility to the market place i would like to see the dollar hit the recent swing high we made on the H4 chart to take out the stops above this price. Which also falls quite nicely in line with my BTC analysis posted earlier today. With more longs coming into the dollar, the natural flow of the BTC USD will mean BTC down USD up from a cross perspective. However this is a forgone conclusion anyway as the BTC is most likely headed south anyway. Adding fuel to the fire and once again proving that markets do line up.
With dollar headed for highs in a fight for safety in an economic slow down, its only a matter of time before s*** really hits the proverbial fan and we have everyone long dollars giving us the perfect opportunity to tank with willing sellers (a.k.a stop losses) all the way down. The fundamentals line up with the smart money technical's and all is well if you know what you are doing. It will be interesting to see what we do in global markets in the coming months.
As always, feel free to comment.
With dollar headed for highs in a fight for safety in an economic slow down, its only a matter of time before s*** really hits the proverbial fan and we have everyone long dollars giving us the perfect opportunity to tank with willing sellers (a.k.a stop losses) all the way down. The fundamentals line up with the smart money technical's and all is well if you know what you are doing. It will be interesting to see what we do in global markets in the coming months.
As always, feel free to comment.