behzadjl

DXY might influence every risky market

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behzadjl Atualizado   
TVC:DXY   Índice Dólar
According to the macro indexes during last months, FED increase interest rate and profit of ten years bond yield.
so it's obvious that the inflation still a big problem for US and world economy.
next week more inflation indexes would be published and declare that high risk market enter a winter or fiat shows a little weakness.
technically DXY is in a trading range for more than a month and if it continue, next week it would be reach the lower band of parallel channel which I declare in the PIC.
this parallel channel have been valid since may 2021!!!
I believe more probable scenario is that DXY increase until contact with the resistance(97.79) , in such a case stock and crypto market might face another short bounce, then
DXY finally shows weakness and decreasing.
both stochastic and RSI indicators are in the middle.
Comentário:
still in the uptrend parallel channel but after reaching the 97.8, index might start to dump and face the support levels.
I believe DXY might show weakness for several days and it would be a fake out after that the index try to test the resistance
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