DXY Backtest?
Stocks and crypto are anemic, doom and gloom in the news, inflation at ATH, interest and bonds up.
Can anyone comment on this DXY chart? I'm just seeing a bearish retest of previous support (now resistance). Breakout of dark green trendline, but maybe a fakeout? I don't see how the dollar is gaining strength with inflation so high. Maybe it's something I am missing from an economic/global perspective.
Defo not an expert, but just putting this idea out there for some insight from people that have more expertise in this kinda thing.
Can anyone comment on this DXY chart? I'm just seeing a bearish retest of previous support (now resistance). Breakout of dark green trendline, but maybe a fakeout? I don't see how the dollar is gaining strength with inflation so high. Maybe it's something I am missing from an economic/global perspective.
Defo not an expert, but just putting this idea out there for some insight from people that have more expertise in this kinda thing.
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