First of all, I would like to wish all my students and fellow traders a happy new year!
Now, let’s have a look at what I have found on the DX:
The falling wedge I have been speaking about the past couple of months has eventually broken to the upside as expected. Now, this breakout gave us a higher significant trough. Look at the chart below:
And guess what this means?
A new BULL trend. Remember, if you have two higher troughs you already have a bull trend and therefore it seems that the tide of the weak dollar has turned and we might be going into the new year with a Bucky that is jumping like a new born Wildebeest calf
Watch this space..
Enjoy the new YEAR!