DXY - Analysis
DXYAnalysis - 👨🏾🎓
The DXY is Bearish on the monthly from a structural and institutional perspective I can see the bullish momentum continuing until 92.184 to mitigate the orders made in the last period before a continuation in bearishness to create a monthly lower low.
The 82.000 demand zone, which has significance as far back as DEC 1990 could be a key level to show major dollar strength, failure in this level to hold could have catastrophic consequences for the USD
The rise of blockchain and cryptocurrency applications have accelerated during this period of decline, this is set to continue as people seek better stores of value than the USD. The decline itself and Quantitative easing never seen on a scale like this before have raised large questions on the suitability of the USD as the worlds global reserve currency for the longterm.
Let me know your thoughts, I've attached more snapshots below!
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