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#Dad (of two) First, #Trader Second. Weekly #Forex Forecast Video (Every Saturday) / #FXStreet Contributor FREE 100 Video Trading Course ๐Ÿ‘‰๐Ÿ‘‰ https://t.co/gnBdIgFjlp
Apr 27, 2022 โ€ข 25 tweets โ€ข 10 min read
First up let me just say, I cannot predict the future...

I can offer 12+ years of market experience & nothing more

The $Dxy has positioned itself for a humongous Bullish move...

Major multi year & even multi decade #Dxy breakouts are happening *Right Now*

Charts Below ๐Ÿ“ˆ๐Ÿงต๐Ÿ‘‡ Lets start by looking at the $Dxy itself (Monthly Chart)

On this time frame we are close to breaking out of a 7 year consolidation (when the 2015 rally stalled out)

This failure to make a low, followed by a break higher, tends to create a large amount of short covering...