The bullish and bearish trendlines as we currently stand. Bulls will tell you that we have broken the white resistance and are going sideways before a move up, citing higher lows since (90.0). Bears will tell you we are continually being rejected off the blue line, and are still in a strong downtrend on higher time-frames.
PERSONALLY I tend to agree with the bears in this case. Money printing and government stimulus are driving the economy in the current climate and i feel DXY will range for a bit, and then drop below (90.0) with a 4-5% drop. I say this because on high time frames, previous dips have lasted for over 32 days and drop at least 4.2% each time (planning on publishing a chart on this soon so look to my profile for more info)
If you enjoy my amateur insight and have anything to add please like and/or comment. Best of luck
PERSONALLY I tend to agree with the bears in this case. Money printing and government stimulus are driving the economy in the current climate and i feel DXY will range for a bit, and then drop below (90.0) with a 4-5% drop. I say this because on high time frames, previous dips have lasted for over 32 days and drop at least 4.2% each time (planning on publishing a chart on this soon so look to my profile for more info)
If you enjoy my amateur insight and have anything to add please like and/or comment. Best of luck