The Most Important Chart In The World Right Now: US Dollar Index (DXY)
DXY US Dollar Index 90.67
Technical Perspective - I believe this is the most important chart in the world right now. US Dollar Index (DXY) 90.67 - The technical setup reminiscent of the period 1981/1982 & 1998/1999 where multi-month weakness within an upward channel was followed by a sharp reversal & squeeze.
As I mentioned in my weekly note: caution if you're too short the USD.
Treasury Chief-elect J Yellen being pressed to back a strong US Dollar.
Monthly Chart
Comments
Post a Comment