Protonotarios

Protonotarios

The US Dollar Index (DXY) is close to a key support zone (1). -Maybe we will see a strong reaction there, not very probable though -However, if the US Dollar loses this important support zone (1) things will turn very bad, and very fast RSI Precision looks also similar to January 2008 and October 2017. G. Protonotarios

Protonotarios

Recently, Bitcoin managed to break key resistance levels, and especially the 'iconic' 10.500 level. The news that American banks are going to provide custody services for cryptocurrencies is more important than most traders believe. The uptrend is still very strong, and unless there is a major negative fundamental event, Bitcoin is heading for 13,400-13,850 in...

Protonotarios

As American Elections are approaching (7th of November) the US Dollar is very weak. FED is not expected to change its policies amid a pre-election period. However, the bottom for the US Dollar Index is not very far. There is multiple support at 91-92 levels, and most probably there will be the final bottom for the US Dollar Index.