We can see in the past 3 days DXY pivoting:
Why this could be important?
We can see a significant negative correlation in the past 140 trading days in 2022 between QQQ and DXY:
In the previous 3 mean reversions, we had a relive rally in Tech:
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,
Why this could be important?
We can see a significant negative correlation in the past 140 trading days in 2022 between QQQ and DXY:
In the previous 3 mean reversions, we had a relive rally in Tech:
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,
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.