Let's give another look at DXY.
The U.S. Dollar Index moved below EMA10 on the downside Dec. 2022 for the first time since June 2020.
Moving below this indicator is a bearish signal and always leads to a correction.
Last month EMA10 confirmed as resistance; A rejection happened on the way up and this is followed by a break below EMA21 this month.
The RSI produced a strong 8 year long bearish divergence and is now trending lower.
This is a long-term chart and gives a clear picture.
The U.S. Dollar Index (DXY) going down
People reach all sorts of conclusions based on this.
DXY going down on the long-term timeframe, Bitcoin going up on the long-term timeframe...
Please share your own correlation with other markets.
The daily timeframe agrees based on Elliot Wave theory!
💾 DXY | U.S. Dollar Index
Namaste.
The U.S. Dollar Index moved below EMA10 on the downside Dec. 2022 for the first time since June 2020.
Moving below this indicator is a bearish signal and always leads to a correction.
Last month EMA10 confirmed as resistance; A rejection happened on the way up and this is followed by a break below EMA21 this month.
The RSI produced a strong 8 year long bearish divergence and is now trending lower.
This is a long-term chart and gives a clear picture.
The U.S. Dollar Index (DXY) going down
People reach all sorts of conclusions based on this.
DXY going down on the long-term timeframe, Bitcoin going up on the long-term timeframe...
Please share your own correlation with other markets.
The daily timeframe agrees based on Elliot Wave theory!
💾 DXY | U.S. Dollar Index
Namaste.
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🎯 LIFETIME Results: t.me/anandatrades/1183
(Click now & get FREE Pizza! 🍕)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click now & get FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click now & get FREE Pizza! 🍕)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.