DXY - Bear flag formed! pivotal point..

2023년 9월 4일

DXY - showing signs of a pivot. reaching the 0.702 multiple times without able to close above this level. this is a strong resistance.
I dont see the DXY breaking this level. expecting a bearish reversal!
*De-dollarisation doesn't need much explaining if your keeping up with the latest BRICS progress.
*DXY - will no longer be the main reserve currency but likely still play a huge role.
(becoming very obvious)
Bear flag formed, indicating a crash in the price of the US dollar index.
busy week ahead, dxy is due a huge drop, from being over valued due to its king currency status
record breaking inflation figures for all countries due to the US Dollar dominance..
(simply using other countries currency's as collaterol)

intersting times ahead, this would be very bullish for markets all around if this bear flag played out!
huge relief rally for all equitys, commodities and crypto.

Interesting times ahead!!..

let me know your thoughts below..