The Dollar and dead presidents (Update)

Here we have a chart on the DXY. Although we have had a move back up it might be short lived as the trend over time is down. Investors aren't collecting cash the yare buying assets with it. the trend is valid until it's broken. AS you can clearly see it's valid since the early 70's (50 years now) so it's long term trend.

The move down we have had since 2020 print of the multiple trillions (40% of all dollars ever printed) was minimal. For me it looks like the big move down has still yet to come especially as they are most likely printing even more.

I've also added the RSI indicator with the chart. It shows a pennant formation which eventually either breaks down or up. That is usually determined by the initial move into it.

Not financial advice.




Cash is Trash - Ray Dalio