1) The Dollar index Touched its all-time high(114) in September since we haven’t seen bulls back in action.
2)Bears have completely taken over the dollar index and recently DXY has broken its major support and now is trading near its crucial support i.e. 101-102.
What Does It Indicate?!
Whenever the Dollar index makes it’s low that always denotes some big news in the market and majorly all the Index crashes, With recession around the corner we can see the dollar is trading near its crucial support and if it is broken we can see a new crash in the US economy.
However, the Dollar is inversely related to Commodities like GOLD, meaning If the dollar falls Gold will reach a new high.
What are your thoughts on this ?? IS Dollar GOING TO CRASH??
If you want to learn more about investing and want to book a free session with us WhatsApp us now.
