Wykres w skali miesięcy, średnia 200
Komentarz Goldman Sachs
The DXY is right under the 200-mma at 89.83
Historically, this moving average has been very important to defining major cycle turns. The last time the market traded above it was back in Aug. ’03.
As discussed many times before, the basing process which is developing now seems to be almost exactly like the one that preceded that last major bull run in the late ’90’s/early ‘00. Looking back at the late-’90s comparison, the DXY experienced multiple failed attempts before finally attaining a clean break above this pivot.
Bottom line, given how relevant the 200-mma is from a historical perspective and in simple comparison terms, it seems natural that it would be a difficult to pivot to break at least on first attempts