Dollar looks like it is about to go up.
DXY just broke out of a falling channel, probably a reversal. This looks dangerous, probably going to retrace back to at least the fib. golden pocket. bad days ahead for stocks and crypto?
if we break above 105 then the next stop will be around 108.
but also to mention that RSI seems pretty topped out on the weekly TF so an idea of a short-term retrace to the downside is also possible.
if we break above 105 then the next stop will be around 108.
but also to mention that RSI seems pretty topped out on the weekly TF so an idea of a short-term retrace to the downside is also possible.
Note
So far so good. Target is 108Note
Got a rejection from .5 level. is it a dead cat bounce?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.