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nagihatoum
Jan 20, 2021 10:03 AM

DXY Dollar fake out above key level Short

U.S. Dollar Currency IndexICEUS

Description

Not very good for the dollar. Dropped out from a rising wedge as well. First target is 89.9, second is 89.2.

Now the hope for the dollar is a double bottom at 89.2 or some unexpected event that will go against the technical patterns.

Gold is going up and look stronger.

BTC has flipped correlation to positive, so a drop in DXY is a drop in BTC.

Comment

must be the inauguration

Comment

retest and rejection of wedge and resistance

Comments
Rossie19
Thanks for sharing
TheSignalyst
let's see how it goes from here ;)
dRends35
She's turning back. Could be another fakeout?
dRends35
Also cable hitting resistance
nagihatoum
@dRends35, it is a retest, if rejected it will drop hard
dRends35
@nagihatoum, DXY or GBPUSD?
yozr23361
nice view
nagihatoum
@ali_1763, Thank you Ali.
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