There are a lot of people who never talk about Forex talking about the DXY. Talking about how it’s in a devastating crash. With all due respect, if people think they can not follow the Forex markets and casually figure our we’re in an event of the magnitude of a USD crash - they’re a bit silly.
The Forex market is one of the trickiest markets in the world. It’s my home, traded these for 10 yrs - and here’s some of my thoughts on the USD.
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Starting with some backing work:
In 2021 (During the peak of “Inflation forever” rhetoric, I started to talk about the USD long. USD had been doing well against majors for a while, but it was considered a dummy trade, because (Insert the news of the day). To me, it looked prime and I started to talk about the DXY long around 90.
Went on to post a series of times about the developing DXY uptrend.
And then wrapped up the long at the high.
Citing USD possible crash of 10% being the reason for the exit.
And that brings us to today.
When we’re completing the would-be corrective area for this forecast and starting to look at the possibility the USD is about to make a mega boom.
And that represents every major USD swing the 2021 breakout. Now, let’s expand on the macro thesis and the case for DXY to 150.
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