Hello Traders 🐺
Hope you're doing well.
In my last idea about DXY, I mentioned the possibility of the FED cutting interest rates — and although at the time of writing this update they haven’t made a move yet, several key indicators still suggest that Quantitative Easing (QE) is on the horizon.
If that happens, there’s a strong opportunity to profit from both sides:
→ Shorting the U.S. Dollar
→ Going long on deflationary assets like BTC, Gold, and even selected Altcoins 💰🔥
🔍 Technical Outlook:
As shown on the chart, DXY is currently forming a bear flag, which is typically a bearish continuation pattern.
We could see further downward momentum, especially if price breaks below the green support box.
Also, if you zoom out to higher time frames, the bigger picture is still bearish.
Recent upward movement? Just a classic retest of broken support, which now acts as resistance — as highlighted here:
🖼️ View Chart :
So trade wisely, stay sharp — and as always remember:
🐺 Discipline is rarely enjoyable, but almost always profitable. 🐺
🐺 KIU_COIN 🐺
Hope you're doing well.
In my last idea about DXY, I mentioned the possibility of the FED cutting interest rates — and although at the time of writing this update they haven’t made a move yet, several key indicators still suggest that Quantitative Easing (QE) is on the horizon.
If that happens, there’s a strong opportunity to profit from both sides:
→ Shorting the U.S. Dollar
→ Going long on deflationary assets like BTC, Gold, and even selected Altcoins 💰🔥
🔍 Technical Outlook:
As shown on the chart, DXY is currently forming a bear flag, which is typically a bearish continuation pattern.
We could see further downward momentum, especially if price breaks below the green support box.
Also, if you zoom out to higher time frames, the bigger picture is still bearish.
Recent upward movement? Just a classic retest of broken support, which now acts as resistance — as highlighted here:
🖼️ View Chart :
So trade wisely, stay sharp — and as always remember:
🐺 Discipline is rarely enjoyable, but almost always profitable. 🐺
🐺 KIU_COIN 🐺
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
Related publications
Disclaimer
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.
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
Related publications
Disclaimer
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.