US DOLLAR (DXY) - THE BULLRUN ISN'T OVER YET ðĻ
Macro trend analysis and price action suggests that the bull run for the US DOLLAR / DXY is not over yet, and at best, will have a small period of sideways consolidation on the Fibonacci line shown, before continuing its upside. The yellow lines shown are what I would consider reversal areas, the first one being at around 120 and the second at 160.
This analysis coincides with previous economic downturns and recessions, where rate hikes and global debt sent the dollar sky rocketing. This movement will affect all assetts both inside and outside of the crypto space. Let's hope we see some macro trend reversals at 120, however data suggests that 160 is more likely.
This analysis coincides with previous economic downturns and recessions, where rate hikes and global debt sent the dollar sky rocketing. This movement will affect all assetts both inside and outside of the crypto space. Let's hope we see some macro trend reversals at 120, however data suggests that 160 is more likely.
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