Possible Mean reversion in US Dollar index

We can see in the past 3 days DXY pivoting:
スナップショット

Why this could be important?

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

スナップショット

In the previous 3 mean reversions, we had a relive rally in Tech:
スナップショット

Conclusion:
Generally speaking, a weaker dollar means higher prices in the Stock market, commodities, and stronger currencies against the USD in the Forex market!

Best,




Chart PatternsmoshkelgoshaTrend Analysis

免責事項