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P2P | DXY UpdateHello. Hi. Hey there! So this is another DXY update following my previous mark ups. I want to keep posting these because 1. They've been fairly accurate and 2. Its helping you (also me) with identifying potential long term/short term plays. I mentioned that I am overall #bullish on the dollar and the way price reacted to my levels... bittersweet (,: But I also go over some other trade setups and most of them I wasn't able to cut it short so, yeah, looks like I got blown out lol. No worries though, all a learning process! So thank you guys and gals for coming onto the channel. Make sure if you feel like you're getting #value from this content to #boost the page and drop a #comment of what you learned or something you've noticed in my charts that concerns you. Thanks gang, trade well, stay healthy! 2023? Yeah, its that time *evil genius laugh*
OANDA:XAUUSD
by Pips2Porsches
DXY US Dollar Index Initial Target Hit $94.40. Retrace & Resume?DXY I published a chart for DXY at beginning of September(linked below). This video furthers the idea that DXY is in correction mode. I propose that DXY will make a retracement back to its local trendline, using the 14% retrace of March-September Swing as support now. Looking for potential bounce from there($93.32 area), then a resumption of the correction to the 38.2% March-September Swing($96.04) In 2016, after President Trump was elected the DXY proceed to top out soon after in Jan. 2017, until it put in a bottom in Jan. 2018, in correlation to Bitcoin & Crypto Market Bubble. I expect similar results for the coming election and DXY price correlation. I expect The Donald to win, thus in turn ending the correction for DXY, and resume its drawdown into 2021...If a one year downtrend ensues for DXY at that point, perhaps we see another bubble for Bitcoin late 2021, early 2022? What's is your thought? I'd love to know... Thanks for checking out my analysis!
TVC:DXY
by TheFreeCryptoPress
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