Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your...
will it pulls down throttle for some time ?
according to TA it should, seen divergence in 1 hr and on 4 hr tf it is under formation.
lets see!
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Dollar is moving in an downward parallel channel , so If it breaks above it , then I am expecting a rally to 109 or possibly 112 , which means more downside for btc and stocks . Lets see how it plays .
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your...
TVC:DXY
As we can see in the chart, DXY has broken the most recent low which is an early indication of a downtrend. If DXY takes support in this region, we could see a good support being formed. The question is, how does it affect affect the stock market and economy as a whole.
Firstly, we need to understand the correlation between DXY and the stock market....
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your...
usd is showing inverted head and shoulder and has retraced after a big rally seeing certain bullishness and a smaller breather we can expect bullishness from 106.300 levels
Dxy tested this trendline on daily time frame ....if breakdown then more decline and if hold then we can see bounce from here .
Gold is watching this level from 1770-80 area .If dxy decline from here we can see 1800 soon on gold .
DXY is down just 3.7% from its highs and all its counterpart are behaving like the Fuel in DXY is over. There is no sign support broken on DXY 103.5 and 101.4 are the immediate support level. Once these support level got breached then only we can say that DXY has done with the top for the short term.
On Daily Basis:
US Dollar Index (DXY) is correcting after it achieved the target of 109.29 as predicted in earlier published idea. 105.50 is a near term support level which is a test of DXY for further next decisive move. The trend is bullish right now and it should take the support of 105.50 with next probable target of 112 to 114. RSI on weekly basis has come...
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your...
Economic narratives and dialogues covering crypto and traditional market trends have discussed the hypothesis of inverse correlation between Bitcoin and the US Dollar. As the world’s largest cryptocurrency was created with the vision of decentralized substitution for centralized fiat currencies, we have seen the hypothesis becoming true in the past couple of days....
