Dollar rebounded off 89.56ish and rallied hard today.
If it breaks below 89 we will see a plummet to the mid to low 88, I believe.
I think 2018 is a good benchmark for current DXY behavior, and what to look for in the oncoming weeks.
But what's concerning, in regards to the dollar's current trend, is the length/duration of 2018 decline is shorter than current downtrend, before price recovered.
As you can see in the DXY chart provided, length/duration of current dollar downtrend has superseded 2018's by 30 days...And counting.
If you haven't adjusted your portfolio with an inflation hedge by now, here's some compelling evidence that you may want to.
Good luck m8s and may the odds forever be in your favor.
P.S. First post, so constructive criticism is welcome.
Please and thank you.
If it breaks below 89 we will see a plummet to the mid to low 88, I believe.
I think 2018 is a good benchmark for current DXY behavior, and what to look for in the oncoming weeks.
But what's concerning, in regards to the dollar's current trend, is the length/duration of 2018 decline is shorter than current downtrend, before price recovered.
As you can see in the DXY chart provided, length/duration of current dollar downtrend has superseded 2018's by 30 days...And counting.
If you haven't adjusted your portfolio with an inflation hedge by now, here's some compelling evidence that you may want to.
Good luck m8s and may the odds forever be in your favor.
P.S. First post, so constructive criticism is welcome.
Please and thank you.