Yes, Dollar index "Seems" to be strengthening... but wait a second first
A closer look from the past, dollar index has engaged in a descending triangle/wedge since hitting the untouchable peak at 165.
In actual fact, dollar index is weakening overall somehow because the rest of its corresponding currency pair (the other 6 majors-EUR, GBP, JPY, CAD, CHF & SEK) are much more fragile thereby making
DXY "apparently" getting stronger.
Blue line EUR/USD is the opposite mirror image of how US Dollar Index behave.
I reckon someway around 90 dollar or 200sma (highlighted green area), thats the reality of how rubber will meet the road!!
A closer look from the past, dollar index has engaged in a descending triangle/wedge since hitting the untouchable peak at 165.
In actual fact, dollar index is weakening overall somehow because the rest of its corresponding currency pair (the other 6 majors-EUR, GBP, JPY, CAD, CHF & SEK) are much more fragile thereby making
DXY "apparently" getting stronger.Blue line EUR/USD is the opposite mirror image of how US Dollar Index behave.
I reckon someway around 90 dollar or 200sma (highlighted green area), thats the reality of how rubber will meet the road!!
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.