The dollar index: an interesting comparison of previous pullbacks.
In the period from 2003-2008, the dollar index lost 41% of its value. A historical low was formed at the 70,698 level, and the dollar is starting a bullish trend, breaking through the EMA200 daily and forming a higher low.
Since that moment, we have been in a bullish trend and are monitoring each pullback's strength. From 2008 to date, we have seen five pullbacks, with the dollar falling 13%-18% in that period.
Soon, the dollar could find new support and start a longer-term bullish trend.
This week was positive for the dollar index and could trigger a significant increase in the dollar in the coming period.
In the period from 2003-2008, the dollar index lost 41% of its value. A historical low was formed at the 70,698 level, and the dollar is starting a bullish trend, breaking through the EMA200 daily and forming a higher low.
Since that moment, we have been in a bullish trend and are monitoring each pullback's strength. From 2008 to date, we have seen five pullbacks, with the dollar falling 13%-18% in that period.
Soon, the dollar could find new support and start a longer-term bullish trend.
This week was positive for the dollar index and could trigger a significant increase in the dollar in the coming period.
Comment:
Going fine 😊