U.S. Dollar IndexShort
DXY finally show weakness, a Temporary Down trend!
Updated
After several days that DXY have been surging to pass the middle of the uptrend parallel channel, today it show a little bit weakness.
weakness or strength of fiat (specially DXY) is playing a significant role for risky market. however since FOMC plan to increase the interest rate and bond yield profit, DXY start to surge and
influenced stock market and other integrated markets such as Crypto.
based on Price action if today's candle close on 96.7 , it would be good sign for risky markets, although FOMC might take actions by increasing interest rate, shrinking balance sheet in order to control the demand cycle.
I'm still believing that markets need time to adopt with these new situations .
5 times of increasing interest rate and tension between Russia and Ukraine are prefigured by markets but the Q1 and Q2 of 2022 wouldn't be good for stock markets and Crypto.
weakness or strength of fiat (specially DXY) is playing a significant role for risky market. however since FOMC plan to increase the interest rate and bond yield profit, DXY start to surge and
influenced stock market and other integrated markets such as Crypto.
based on Price action if today's candle close on 96.7 , it would be good sign for risky markets, although FOMC might take actions by increasing interest rate, shrinking balance sheet in order to control the demand cycle.
I'm still believing that markets need time to adopt with these new situations .
5 times of increasing interest rate and tension between Russia and Ukraine are prefigured by markets but the Q1 and Q2 of 2022 wouldn't be good for stock markets and Crypto.
Note
DXY highly likely face support level at 94.66 and after showing a little bit strength, there would be a tight trading range for it, according to new FOMC's figures, interest rate shouldn't increase in March. so it's a good chance for risky markets to start a upward momentum and meanwhile DXY would start to accumulate more and reaching lower support zones.Note
I was short for DXY since Jan31 and it happened exactly as I expected.be cautious that at this phase DXY and stock markets are moving in a different way however crypto market still integrated with S&P500 ,US tech and Nasdaq
Note
I will close this idea of short about DXY when we reach 94.664it was a massive opportunity for risky assets to surge during the period I take a short opinion about DXY.
in crypto you had a chance to be long rather than short!
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