USD Reversal - Metals Correction - FX Majors Weaker
|USD - Dollar Index (DXY) is showing considerable signs of a possible Reversal towards Minor 4 (red) Wave Corrective Sequence.
I would be looking for signs of weakness in Metals (GOLD & SILVER) and a possible Correction before the next bigger rise.
If the analysis would be accurate, then EUR/GBP/CHF/JPY would all weaken against the USD, which could have a Rally and cause the current Trends to change.
DXY 2H Chart (picture):
GOLD 2H Chart (picture):
SILVER 2H Chart (picture):
USD/JPY 2H Chart (picture):
USD/CHF 2H Chart (picture):
GBP/USD 2H Chart (picture):
EUR/USD 2H Chart (picture):
Many pips ahead!
* The above Analysis does not act as a direct investment advice and should be treated as market commentary.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.