mab79660

DXY: The Nail in the Coffin? Quarterly Chart

Long
TVC:DXY   US-Dollar Währungsindex
The US Dollar is holding 1997-2000 prior resistance, as support. We have a breakout of a downward slope, retest of the trend line, and now retest of the most recent double top (2017, 2020). We all are watching Gold test the 2000 area, but what I don't see often is a technical pattern analysis of the US Dollar. As the dollar rapidly deflates, we will transition into a Stage 1 market cycle, Bond prices will have to increase to offset deflation, while interest rates remain high. I am not a fundamental trader, but this exact same TA setup is the reason I took AMC from the breakout to $50. Patterns repeat themselves, that's why they are called patterns. They may only work because people think they work, but you can't bet against them. DXY holding 100 area through next FOMC meeting will be a sign to me that recession declaration is imminent.
Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.