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US DOLLAR AIMS FOR NEW HIGHS, WATCH INTEREST RATES!

Writer's picture: jeremy chojeremy cho

The dollar index recorded all time highs at 103.82 on 02 Jan 2017 and again on 02 March 2020 to hit 104.05.


A break of 98.03 to the upside will technically put the DXY to a multiple time frame UPTREND (Day, week, Month) to test the 104 level for the 3rd time.


US 2yr govt bonds hit a high of 9.9% on 1st feb 1989 and has been on a Long term downtrend for 32 years. Rates formed at double bottom at 0.1% in 2011 and 2021 and have just started the recovery process targeting 2.3% and then 4.5%.


US dollar strength has multiple implications on the performance of stocks, the interest rate ecosystem as well as global economic performance that may affect how you position your portfolio for the next decade.


Long term PULLBACK since 030820

Medium term UPTREND since 230821

Short term UPTREND since 160621


PIVOT 98.00

Short positions below 98.00 for 95.56 and 93.43

Long positions above 98.00 for104 and new all time highs




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