nagihatoum

DXY the limply dollar

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ICEUS:DXY   U.S. Dollar Currency Index
Broke out of the first descending wedge (covered in my previous idea). Now broke out of the second larger descending wedge and is retesting it. Are we going to see a robust impulse upward or is price action going to keep being flaccid?

Gold is on a downward trajectory and stocks and crypto keep going up. I think the weak dollar is sustaining the upward motion in stocks and crypto. A strong push up on the dollar will send stocks and crypto tumbling.

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