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Attempting a trend reversal in DXY and SPX500

readCrypto Mod Updated   
TVC:DXY   U.S. Dollar Index
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(DXY chart)
It has not yet risen to the vicinity of the arrows shown on the 1M chart and 1W chart.

However, there is a trend reversal movement in the 1D chart.

Therefore, if it holds at 104.789, it is highly likely that DXY will eventually switch to an upward trend.

If the 105.664 point on the 1M chart and the 106.416 point on the 1W chart rise above the 105.664-106.416 range formed by these two points, there is a possibility that the investment market will enter a recession.

Accordingly, caution is required when investing.

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(SPX500USD chart)
Looking at the 1M chart, it shows support around the 4419.8 point.

Therefore, if it remains around 4419.8, it is expected to show a further upward trend.


(1W chart)
The 1W chart appears likely to lead to a further decline as the HA-High indicator shows a decline.

However, since the HA-Low indicator is still located around 2755.8, I think it should be interpreted that it is still maintaining an upward trend from a mid-term perspective.

It is necessary to check whether support is received around the above support and resistance points of 3903.4, 4116.0, and 4403.3.


(1D chart)
On the 1D chart, you can see that it is located in a trend reversal zone.

Accordingly, it is judged that the upward trend can be maintained only if it remains above the 4420.0 point.

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(NAS100USD chart)
The NAS100USD chart looks slightly different from the SPX500USD chart.

(1D chart)
Therefore, if the HA-Low indicator on the 1D chart is not generated by rising, I think there is still a chance for it to rise.


(1M charts)
Therefore, the key is whether it stays above the 15090.3 point on the 1M chart.

The maximum support area is around 14710.6.

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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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Comment:
(DXY chart)
We are approaching the 105.664-106.416 section.

The key is whether we can overcome this crisis.

Otherwise, if it rises, the investment market is likely to enter a recession.

[Example of exchange chart setup]

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

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