DXY and USD/CNY
Updated
1- DXY - Showing possible move in tandem with its HTF relative strenght. Closed the month above it's 200 moving average and closed also above it's key trendline signaling a possible pullback up after testing big resistance levels.
2- Where USDCNY is headed could be alot higher than expected. Since it's inversely correlated to Bitcoin I wonder what will see now that it's breaking resistances, will it bounce on what has now turned support or will it plunge back into the range without completing wave 5..With the bounce from the begining of he year I wouldn't be surprised here to see USDCNY rip higher.
Let's see if it stays below 7.400 or goes higher.
2- Where USDCNY is headed could be alot higher than expected. Since it's inversely correlated to Bitcoin I wonder what will see now that it's breaking resistances, will it bounce on what has now turned support or will it plunge back into the range without completing wave 5..With the bounce from the begining of he year I wouldn't be surprised here to see USDCNY rip higher.
Let's see if it stays below 7.400 or goes higher.
Note
YOU MAY HAVE TO SCROLL THE CHART TO 100$ level to see the Ideas and 2 images.Note
Original Ideas on their own (and not as images)(they are my ideas too but just in a secondary account.) YOU MAY HAVE TO ERASSE THE SPACESIN THE LINKS TO SUCEFFULLY COPY AND PASTE THEM..:DXY: http s:// www. tradingview. com/chart/DXY/Ouf81F94-DXY/
USD/CNY: http s://www. tradingview. com/chart/USDCNY/oWXliTGa-Where-USDCNY-is-headed-could-be-alot-higher-than-expected/
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