OrriginalCrypto on Nostr: DXY $ since Jan 2023 We can see that DXY has been ranging since Bitcoin began it Rise ...
DXY $ since Jan 2023
We can see that DXY has been ranging since Bitcoin began it Rise to its current New High
So, Whats Next for DXY $ ?
You will notice how it broke out of range and has since dropped back in.
It did that once before in Oct 2023, after which it ranged for a month before falling back to the lower Trendline and it did not reach the upper line again until April 2024
I have included the MACD and RSI in this image as, to me, it all looks very Similar and that leads me to think that this could be repeated if the Macro situation remains the same.
BUT the USA has now got a New "Boss" and he is already shaking the tree.... and this maybe Good or Bad for the $
Last time Trump was president, the DXY Ranged really with a Range high low of 25%, falling initialy but recovering for the majority of his time in the White house.
Current range is 7% and, as mentioned, sitting at Range high
The Traditional Financial world waits to see where this will go next.
Large Wars do not make the DXY rise on the whole.
We all wait and as ever, Time will tell
We can see that DXY has been ranging since Bitcoin began it Rise to its current New High
So, Whats Next for DXY $ ?
You will notice how it broke out of range and has since dropped back in.
It did that once before in Oct 2023, after which it ranged for a month before falling back to the lower Trendline and it did not reach the upper line again until April 2024
I have included the MACD and RSI in this image as, to me, it all looks very Similar and that leads me to think that this could be repeated if the Macro situation remains the same.
BUT the USA has now got a New "Boss" and he is already shaking the tree.... and this maybe Good or Bad for the $
Last time Trump was president, the DXY Ranged really with a Range high low of 25%, falling initialy but recovering for the majority of his time in the White house.
Current range is 7% and, as mentioned, sitting at Range high
The Traditional Financial world waits to see where this will go next.
Large Wars do not make the DXY rise on the whole.
We all wait and as ever, Time will tell