Short Term DXY DownTrend

25 de mai. de 2022

It seems DXY is hitting resistance again with 21 EMA and downtrend line. Most likely short term if keeps closing below the trend line and EMA then DXY will keep going down, probably finding support again along the 100.196 price, and maybe bouncing off from there to break out. As for right now, it seems to be looking like DYX is inside a downtrend channel, thus it could keep going further down if doesn't break out of the channel. Which could keep good for BTC in short term, thus showing in the past when DXY is going down then BTC is going up.