50 years of $DXY. Inflation peaks historically correlated to local DXY lows.
Now we have DXY in 2022 at a 30 year resistance, presenting bearish divergence on momentum, semantics are questionable on a good day.. Things could get very spicy soon. Of course I watch this because of it's inverse correlation to Bitcoin.. and this is a big part of why I believe we could have one final rally in the markets before a possible recession sets in.
Now we have DXY in 2022 at a 30 year resistance, presenting bearish divergence on momentum, semantics are questionable on a good day.. Things could get very spicy soon. Of course I watch this because of it's inverse correlation to Bitcoin.. and this is a big part of why I believe we could have one final rally in the markets before a possible recession sets in.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.