DXY is showing bullish weakness and could be forming a potential doubletop pattern which is a bearish reversal pattern. I also am spotting bearish divergence.
Ironically assets like bitcoin who usually have an inverse relation to the dxy are putting in Bullish patterns on the same time frame ( falling wedge) with bullish divergence. If that isn't interesting enough, the FOMC is having a meeting tomorrow around 1pm est with regards to interest rates.
Also, I am under the opinion that the dollar is not strong but it is artificially rising because of currencies like the Euro and the Yen deciding still to print.
To conclude, the DXY is at major resistance and could be forming a bearish reversal pattern. If this is confirmed , we will likely see the DXY reverse to the downside.
If you like my idea, please follow for more. I am going to start posting more ideas to come.
Ironically assets like bitcoin who usually have an inverse relation to the dxy are putting in Bullish patterns on the same time frame ( falling wedge) with bullish divergence. If that isn't interesting enough, the FOMC is having a meeting tomorrow around 1pm est with regards to interest rates.
Also, I am under the opinion that the dollar is not strong but it is artificially rising because of currencies like the Euro and the Yen deciding still to print.
To conclude, the DXY is at major resistance and could be forming a bearish reversal pattern. If this is confirmed , we will likely see the DXY reverse to the downside.
If you like my idea, please follow for more. I am going to start posting more ideas to come.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。