Michael_English

Dollar climbs, stocks fall

Long
TVC:DXY   U.S. Dollar Index
The dollar has been best up bad for the past few months especially. Everyone wants to get back to ATHs so bad on the major indices. Well, we are here, and with a strong dollar comes some declines in the stock market. The weekly RSI is indicating not much more room to go on pushing the prices down here, so I'm expecting a long term decline as the dollar climbs back to the likes of 103.50 and above.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.