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DXY: 105.664-106.416 Important boundary zone

TVC:DXY   U.S. Dollar Index
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(DXY chart)
The key is whether it can meet resistance around 105.664-106.416 and fall.

If not, the investment market is likely to enter a recession.

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(SPX500USD chart)
On each chart, the HA-High indicator was touched and fell.

Accordingly, the likelihood of touching the HA-Low indicator on each chart is increasing.

(1D chart)
Currently, only the 1D chart is touching the HA-Low indicator and is falling.

If you touch the HA-High indicator and then move down to touch the HA-Low indicator, you can say that you are in a trend reversal zone.

Therefore, at this time, there is a high possibility that the trend will be determined depending on whether it is supported or resisted by the HA-Low indicator.

You can see that the trend has turned to the downside as it currently falls below the HA-Low indicator.


This is likely to lead to a cascading decline.

In order to stop the cascading decline, the price must rise above the HA-Low indicator to show support.

If the decline continues around 4247.8, the HA-Low indicator is expected to decline and be created.

At this time, it is important to receive support from the HA-Low indicator.

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(NAS100USD chart)
The difference between the NAS100 chart and the SPX500 chart is that it has not yet touched the HA-Low indicator on the 1D chart.

(1D chart)
However, if it falls further, a new HA-Low indicator is expected to be created, so the key is whether or not there is support near the HA-Low indicator.

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** All explanations are for reference only and do not guarantee profit or loss in investment.

** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA

** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.

** This chart was created using my know-how.

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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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