$DXY
Added 2024-09-25 14:58:55 +0000 UTCIt is worth looking at the $DXY long term chart now and again to remember the trend.
We can see right now that the price is struggling on the 200 WMA at $100 and at times going below this MA.
Losing this level and the 0.618 Fib below at $98 and this is in trouble with a strong drift down over the next 8 years.
Also, $DXY was at $165 in the mid 80's, so the trend is clear.
We spoke before about what is causing this Dollar and there may be a number of reasons, BRICS and Crypto may accelerate this decline too.
Comments
is there any update? Thank you
AA
2024-11-13 19:27:18 +0000 UTCIs there any update on this?
Michael
2024-10-13 12:10:09 +0000 UTCMy home curency is EURO . If i get that right, long therm Us positions like realty income will lose their value for me?
Stefan
2024-09-25 16:37:11 +0000 UTCWhat could stop this trend and cause the dollar to strengthen ?
Pierre penasa
2024-09-25 16:09:47 +0000 UTCShort answer, yes. countries with heavy mining presence, Canada and Australia etc., should fair better, strong.
Labo
2024-09-25 15:45:53 +0000 UTCVery interesting chart, but does this mean that euro can be very strong Vs dollar like 2008 for example ? Thanks
Luskha
2024-09-25 15:18:41 +0000 UTC
