Quick look at DXY
In the past few weeks, the DXY index has been showing some strength, and the current bullish momentum is amplified by the price breaking above the falling channel!
It is reasonable to mention that the index is currently approaching a high resistance zone, and if that zone is broken, the index could be seen at the 108 level.
The reason why the DXY is so interesting to watch is due to the fact that Stocks and cryptocurrencies have an inverted price action to DXY. DXY can, therefore, be used as an inverted indicator to tell the possible direction of Stocks and cryptocurrencies.
Stocks and cryptocurrencies are expected to go lower if DXY keeps its bullish momentum and keeps rising.
It is reasonable to mention that the index is currently approaching a high resistance zone, and if that zone is broken, the index could be seen at the 108 level.
The reason why the DXY is so interesting to watch is due to the fact that Stocks and cryptocurrencies have an inverted price action to DXY. DXY can, therefore, be used as an inverted indicator to tell the possible direction of Stocks and cryptocurrencies.
Stocks and cryptocurrencies are expected to go lower if DXY keeps its bullish momentum and keeps rising.
Nota
DXY Trying to penetrate the resistance zone!Nota
Exactly as expected!
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🔥 Unlock Lifetime Access to the Premium Trading Group – Just $129 for a lifetime membership!
🎖Telegram:
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📩 Interested in our Premium Group?
DM @MBM786kr on telegram for full details!
🎖Telegram:
t.me/MBM_786kr 🎖
📩 Interested in our Premium Group?
DM @MBM786kr on telegram for full details!
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.