The Big Risk for the US Dollar
From topdowncharts.com
In this video we look at the big (upside) risk for the US Dollar Index (DXY). Specifically, the video walks you through a couple of slides of a recent edition of the Weekly Macro Themes report. In the video we talk through the big charts to be watching for the US dollar outlook. The main conclusion is that considerable upside might be in store for the US dollar as compelling yield support remains, speculative futures positioning is stretched to the downside, breadth metrics are extreme oversold, and seasonality is about to turn positive. The analog chart also lays out the potential upside were history to repeat - and ...
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