The Long Investor
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$DXY
🕑 Added 2025-04-11 12:24:34 +0000 UTCThere has been no changes to this chart since I first started to share this nearly 3 years ago,
Price has rejected at the top yellow resistance lines, where the amber Fib levels are, now the price has dropped below the 50 and 200 Day MA's and sitting exactly at the 0.618 Fib now.
I suspect a lower low will be made next to the 0.78 Fib at $94.
Why does this matter?
An increased $DXY pushes exports higher and this can cause inflation to go higher, interest rates higher and yields higher....this is not what Trump is trying to achieve right now.
There are big players moving this right now....I suspect it is China and Japan.
Comments
Tim
Weak dollar usually is good for emerging markets. Hope this helps me finally get out of VALE lol. Thanks for the chart.
John McCarthy
Thanks a lot for DXY
Hannes Van Lierde
I'm invested in IS04, it's already lagging 12% on TLT. So I assume this isn't good news for IS04 holders if dxy keeps dropping ?
Del The Funkee Homotradian
https://en.wikipedia.org/wiki/U.S._Dollar_Index
Matt
Stupid question, but how can you chart a currency without comparing it to another one? for example eur/usd
