Chỉ số USD
Giá xuống

Possible Mean reversion in US Dollar index

We can see in the past 3 days DXY pivoting:
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Why this could be important?

We can see a significant negative correlation in the past 140 trading days in 2022 between QQQ and DXY:

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In the previous 3 mean reversions, we had a relive rally in Tech:
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Conclusion:
Generally speaking, a weaker dollar means higher prices in the Stock market, commodities, and stronger currencies against the USD in the Forex market!

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Chart PatternsmoshkelgoshaTrend Analysis

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