In this very simple chart you can see that DXY is holding support at the 92 level for few months now.
Vertical lines are marking those areas where the stoch was below the 20 level and made a bullish cross.
Looking at it I am bullish on the US dollar for the next 3-5 years, unless this 90-92 level gets broken.
Can Biden's term be better for the mighty US $$$ than Trump's term?
We'll see...
Btw, if you look at the yearly chart the 21 EMA is at this same level, holding support.
Vertical lines are marking those areas where the stoch was below the 20 level and made a bullish cross.
Looking at it I am bullish on the US dollar for the next 3-5 years, unless this 90-92 level gets broken.
Can Biden's term be better for the mighty US $$$ than Trump's term?
We'll see...
Btw, if you look at the yearly chart the 21 EMA is at this same level, holding support.