Nasdaq 100 IndexShort
Intermarket analysis..! DXY's negative corelation..!
In the second half of July, DXY mean reversion lead to higher prices across the board, Stock market, crypto, and gold experienced a sharp move!
But it looks like DXY responded to EMA 50 and made a Bullish engulfing pattern, and other markets are pivoting.
In the coming days, higher DXY could drag down everything once again!
Best,
But it looks like DXY responded to EMA 50 and made a Bullish engulfing pattern, and other markets are pivoting.
In the coming days, higher DXY could drag down everything once again!
Best,
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Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
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.