Welcome to a new phase of U.S. dollar strength…



• Current target for the dollar index (DXY):
104 – 110

• Condition for the bullish scenario to fail:
Weekly candle close below 97.625

What does a rise in the dollar index actually mean?

• A rise in DXY indicates the strength of the U.S. dollar against a basket of major currencies, often occurring with increased demand for the dollar as a safe haven.

• Historically, a rising dollar puts pressure on:

Stocks
Cryptocurrencies
Emerging markets
Gold

In general:

A rising dollar reflects a “Risk-Off” environment…

Where investors prefer safety and liquidity over risk and growth...

$ETH $XAUUSD ‎#DXY
ETH0.78%
XAUUSD-0.02%
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