Bibres2003

DXY: SCENARIO 1 OR SCENARIO 2 ?

TVC:DXY   U.S. Dollar Index
scenario 1
This is more likely to happen because we have lost
some support in the dollar and now this support
has turned into resistance and all studies show
that this downward movement of the dollar is
short-term.
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scenario 2
The dollar index is up in the long run and there is
still valid support on the chart. On the other hand,
contractionary policies may raise this index again,
and given the recent movements of bitcoin and the
dollar and gold, we feel that every time the dollar
goes down. More and more people are turning to
gold these days because there is so much fear in
the cryptocurrency market.
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