DXY: Guesstimate into Sept/Oct 2018
Technical Analysis:
All Elliot Waves are following Fibonacci rations perfectly!
Has been in downtrend for quote a while now, no signs of reversal yet.
Fundamental Analysis:
Even if Fed hiking rates, the USD is not garnering capital.
(perhaps the rate hikes were not only priced in but overpriced into market?)
Trump does not necessarily want a strong USD.
My big concern for this plan is my current wave 4 might end up being a bottom due to long corrective pattern.
Lets see what happens over the next few months.
All Elliot Waves are following Fibonacci rations perfectly!
Has been in downtrend for quote a while now, no signs of reversal yet.
Fundamental Analysis:
Even if Fed hiking rates, the USD is not garnering capital.
(perhaps the rate hikes were not only priced in but overpriced into market?)
Trump does not necessarily want a strong USD.
My big concern for this plan is my current wave 4 might end up being a bottom due to long corrective pattern.
Lets see what happens over the next few months.
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