U.S. Dollar IndexShort
DXY - USD DOLLAR LOOKING BEARISH
The Dollar Index has been on a run lately. Today we are looking at the Dollar Index (DXY) on the 10day (!) chart.
There are a few signs occuring that seem bearish to me and a indication of downside price action. How low? Nobody knows.
When the dollar will drop all other assets like risk assets and currency's will go up. This should result in a short lived (few months) relief rally.
After that, the most probably outcome, will be the money going back to the world reserve currency: the dollar and it can continue it upwards move.
For now, it seems like it needs to catch a break and get some air.
<< Like the idea? Please like the post and follow for more >>
There are a few signs occuring that seem bearish to me and a indication of downside price action. How low? Nobody knows.
When the dollar will drop all other assets like risk assets and currency's will go up. This should result in a short lived (few months) relief rally.
After that, the most probably outcome, will be the money going back to the world reserve currency: the dollar and it can continue it upwards move.
For now, it seems like it needs to catch a break and get some air.
<< Like the idea? Please like the post and follow for more >>
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.