US Dollar Currency Index (DXY) (2021-2030s)
Total speculation here, I haven't watched the US DXY too much but in the past year and a half. I'm just trying to go for the larger overall trend here, and while I suspect I could be right that further drops will come, the turnaround point as well as that time frame I'm not as confident in. I think its quite commonplace to believe the U.S. dollar will keep doing worse and worse with the amount of federal mismanagement that goes on but as to how that will actually look on a chart? How it will align with different presidential eras? How other major markets and exports/imports will affect how well America succeeds? Very difficult topic in my opinion.
Like I said this is total speculation, I have mostly no clue what I'm talking about and I know it but these are some ideas I've been speculating since the last major drop in 2020.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading
Total speculation here, I haven't watched the US DXY too much but in the past year and a half. I'm just trying to go for the larger overall trend here, and while I suspect I could be right that further drops will come, the turnaround point as well as that time frame I'm not as confident in. I think its quite commonplace to believe the U.S. dollar will keep doing worse and worse with the amount of federal mismanagement that goes on but as to how that will actually look on a chart? How it will align with different presidential eras? How other major markets and exports/imports will affect how well America succeeds? Very difficult topic in my opinion.
Like I said this is total speculation, I have mostly no clue what I'm talking about and I know it but these are some ideas I've been speculating since the last major drop in 2020.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading
