U.S. Dollar IndexShort
The fall of the US dollar? 2023 Support areas...
Could 2023 be a terrible year for the US dollar?
lots of fundamentals here effecting the strength on the DXY chart, we have...
1. Russia and China using alternatives to US dollar for Crude oil/Gas sales etc
2. FED hikes, pivots, unsustainable M2S
3. Inflation & Stagflation
4. No real leadership in the POTUS seat, lies and deception is at an all-time high
5. Vaccine deaths and injuries affecting the country & economy
so I'm pretty bearish on my outlook and put in some levels in which I see the DXY may bounce off or start to linger around -be good for crypto/bitcoin and other pairs around the world after such a beating in 2022
lots of fundamentals here effecting the strength on the DXY chart, we have...
1. Russia and China using alternatives to US dollar for Crude oil/Gas sales etc
2. FED hikes, pivots, unsustainable M2S
3. Inflation & Stagflation
4. No real leadership in the POTUS seat, lies and deception is at an all-time high
5. Vaccine deaths and injuries affecting the country & economy
so I'm pretty bearish on my outlook and put in some levels in which I see the DXY may bounce off or start to linger around -be good for crypto/bitcoin and other pairs around the world after such a beating in 2022
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