DXY stands for Dollar strength, compared against a basket of 6 major currency of the world, of which weights of GBP & EUR when combined accounts for ~70%.
It essentially means when DXY rises, its rising against GBP, Euro.
Historically after most of the major financial events in the world, be it (2008 financial crisis, 2014 Russian financial crisis / Chinese Stock market selloff, 2020 covid-19 Crash). DXY was spotted nearing the support of Rising channel, each time as marked by Green arrows.
Point of attention
Currently DXY is at support of rising channel and getting ready for yet another probable peak by ~2029.
Effects of Rising DXY could be devastating in many ways, If we put is simply, it's like every single trading asset's that are quoted in USD will loose it's value (Gold, Silver, Crude, Forex pairs quoted in USD).
FX pairs with USD as their Base currency can see a rally or at-least bullish biasness for the next few years.
For Educational Purposes only, Not an Investment Advice
Any new perspective you want to share, feel free to mention below in the comment.
Regards CrazyTrades247,
It essentially means when DXY rises, its rising against GBP, Euro.
Historically after most of the major financial events in the world, be it (2008 financial crisis, 2014 Russian financial crisis / Chinese Stock market selloff, 2020 covid-19 Crash). DXY was spotted nearing the support of Rising channel, each time as marked by Green arrows.
Point of attention
Currently DXY is at support of rising channel and getting ready for yet another probable peak by ~2029.
Effects of Rising DXY could be devastating in many ways, If we put is simply, it's like every single trading asset's that are quoted in USD will loose it's value (Gold, Silver, Crude, Forex pairs quoted in USD).
FX pairs with USD as their Base currency can see a rally or at-least bullish biasness for the next few years.
For Educational Purposes only, Not an Investment Advice
Any new perspective you want to share, feel free to mention below in the comment.
Regards CrazyTrades247,
Giao dịch đang hoạt động
Price has successfully broken the resistance and has started to move in upward direction, after taking support of the lower boundary of Rising channel.
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t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Join Telegram Channels for more Trades ideas 🧿
🟢For Forex and International Commodities
t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
🟢For Forex and International Commodities
t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.