Short-term: bullish
Medium-term: bullish
Long-term (3 to 6 months): bearish
Technicals + 2 YR sovereign yield spreads are supportive of a potential bullish reversal for the US Dollar Index
DXY as long as 104.75 MT pivotal support holds.
Above 110.20 is required for a test on 114.80/117.10 key LT pivotal resistance zone where theDXY may start to kickstart a major (multi-month) corrective decline sequence.
US inflation expectations; 5 YR & 10 YR breakeven inflation rates have continued to remain soft since Mar/ Apr 2022.
Major peak of these rates tends to lead major peak of US Dollar IndexDXY (Mar 2005).
Current secular bull trend ofDXY since Mar 08 is coming to a tailed
Medium-term: bullish
Long-term (3 to 6 months): bearish
Technicals + 2 YR sovereign yield spreads are supportive of a potential bullish reversal for the US Dollar Index
DXY as long as 104.75 MT pivotal support holds.Above 110.20 is required for a test on 114.80/117.10 key LT pivotal resistance zone where the
DXY may start to kickstart a major (multi-month) corrective decline sequence.US inflation expectations; 5 YR & 10 YR breakeven inflation rates have continued to remain soft since Mar/ Apr 2022.
Major peak of these rates tends to lead major peak of US Dollar Index
DXY (Mar 2005).Current secular bull trend of
DXY since Mar 08 is coming to a tailed
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.