Dollar Index (DXY) - 13 Jul 2022
The dollar index started a long-term downward trend in March 1985 with the highest price at 164, and this long-term downward trend was broken in 2014, and after 8 years, it is still above 87.
But in the shorter term, following the inflation that has become a pandemic in America and the world and caused the interest rate to reach 1.75 faster than the usual trend, this index has a more bullish performance.
Even now, the market is following the news of CPI (Consumer Price Index) and good statistics on job creation and unemployment rate and the predicted views on CPI statistics, there is still a possibility of strengthening this index.
There is strong resistance against the price of 110
But in the shorter term, following the inflation that has become a pandemic in America and the world and caused the interest rate to reach 1.75 faster than the usual trend, this index has a more bullish performance.
Even now, the market is following the news of CPI (Consumer Price Index) and good statistics on job creation and unemployment rate and the predicted views on CPI statistics, there is still a possibility of strengthening this index.
There is strong resistance against the price of 110
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