USD Reversal - Metals Correction - FX Majors Weaker

Richard Tataru XGlobal Markets

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.

Author

Richard Tataru

XGlobal Markets

Richard is a market analyst and holds the role of Senior Account Manager at XGLOBAL Markets. He is passionate about technical analysis and has been exploring the charts for years.

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