DXY pushing down all other assets.
Hello, dear TradingView members.
This idea is a DXY analysis.
As we can see on the chart:
U.S. Dollar Currency Index broke resistance a little after The Federal Open Market Committee.
We are about to see an ascending move in the USD value and a fall in any other known asset in pairs of dollars.
For example, USOIL went under $100, and BTC and EUR are both experiencing a downtrend.
I have shown you two PRZs on the chart, each of which can be our short-term and mid-term targets.
Here is how it affected the USOIL price:
Here is how it affected the EUR price:
We expect to see the same effect on the cryptocurrency market as well.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
This idea is a DXY analysis.
As we can see on the chart:
U.S. Dollar Currency Index broke resistance a little after The Federal Open Market Committee.
We are about to see an ascending move in the USD value and a fall in any other known asset in pairs of dollars.
For example, USOIL went under $100, and BTC and EUR are both experiencing a downtrend.
I have shown you two PRZs on the chart, each of which can be our short-term and mid-term targets.
Here is how it affected the USOIL price:
Here is how it affected the EUR price:
We expect to see the same effect on the cryptocurrency market as well.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
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