DXY at 125 Loading...U.S. Dollar Currency IndexTVC:DXYCrazyTrades247DXY stands for Dollar strength, compared against a basket of 6 major currency of the world, of which weights of GBP & EUR when combined accounts for ~70%. It essentially means when DXY rises, its rising against GBP, Euro. Historically after most of the major financial events in the world, be it (2008 financial crisis, 2014 Russian financial crisis / Chinese Stock market selloff, 2020 covid-19 Crash). DXY was spotted nearing the support of Rising channel, each time as marked by Green arrows. Point of attention Currently DXY is at support of rising channel and getting ready for yet another probable peak by ~2029. Effects of Rising DXY could be devastating in many ways, If we put is simply, it's like every single trading asset's that are quoted in USD will loose it's value (Gold, Silver, Crude, Forex pairs quoted in USD). FX pairs with USD as their Base currency can see a rally or at-least bullish biasness for the next few years. For Educational Purposes only, Not an Investment Advice Any new perspective you want to share, feel free to mention below in the comment. Regards CrazyTrades247,