Yes, Dollar index "Seems" to be strengthening... but wait a second first
A closer look from the past, dollar index has engaged in a descending triangle/wedge since hitting the untouchable peak at 165.
In actual fact, dollar index is weakening overall somehow because the rest of its corresponding currency pair (the other 6 majors-EUR, GBP, JPY, CAD, CHF & SEK) are much more fragile thereby making
DXY "apparently" getting stronger.
Blue line EUR/USD is the opposite mirror image of how US Dollar Index behave.
I reckon someway around 90 dollar or 200sma (highlighted green area), thats the reality of how rubber will meet the road!!
A closer look from the past, dollar index has engaged in a descending triangle/wedge since hitting the untouchable peak at 165.
In actual fact, dollar index is weakening overall somehow because the rest of its corresponding currency pair (the other 6 majors-EUR, GBP, JPY, CAD, CHF & SEK) are much more fragile thereby making
DXY "apparently" getting stronger.Blue line EUR/USD is the opposite mirror image of how US Dollar Index behave.
I reckon someway around 90 dollar or 200sma (highlighted green area), thats the reality of how rubber will meet the road!!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.