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SalemSignals
Sep 8, 2023 9:25 PM

DXY Short

U.S. Dollar Currency IndexTVC

Description

The index broke point 105 to begin a short sub-trend to point 104,400. This is on the hourly chart and of course before the news that expects inflation to return to the upside again, which will raise the dollar again, but we pay attention here that at the beginning of the week the index will drop to the point that you see on the chart and then we wait for news. Inflation and we will see whether you believe the expectations or not. The dollar is resisting pressures to fall, and its rise will cause major problems for the global economy, so its decline will occur soon. Let us remember that this decline is only a temporary period.

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