MY last two post.I posted about dxy and cryptocurrency and what is going to happen in crypto market and usd pairs if dxy broke one particular level.
What happened to the market today.Dxy broke one level today,which is 95.510.That level dxy broke brought a little bullish trend on btc,BNB and some usd pairs like eurusd.That level also set some crypto to form a structure ,double bottom,which may makes some crypto currency to be in bullish trend this week.
(source)[https://www.tradingview.com/x/dITK9ou4/]
According to the speed of dxy,if dxy break the level 94.978 we will see a very sharp bullish trend on btc,eth,bnb and others,plus other forex usd pairs like eurusd,gbpusd,nzdusd and audusd.
I hope you have not forgotten that if dxy is buying,btc, and some cryptocurrency, pair with usd will be selling and if dxy is selling and those currency i mentioned will be buying.
For people that is asking me while i do compare dxy with btc,that is the reason above.
(source)[https://www.tradingview.com/x/JhlA9Yln/]
(source)[https://www.tradingview.com/x/Keu4fErT/]
All this things is not a financial advice,please check your own analysis before executing any trade.
For this week,if dxy break those level i mentioned above,we will see a slight bullish trend this week.
Dxy has broke 94.978 ,we are going to see another bullish dimension on those pairs i mentioned above.
(source)[https://www.tradingview.com/x/blOc67nH/]
(source)[https://www.tradingview.com/x/gdNh6MMk/]
(source)[https://www.tradingview.com/x/UOpNTovI/]
I just uploaded it again because i trade 4hrs candle,the 4hrs candle just broke that is while i uploaded it again,so that you will understand what i mean. i have already executed my trade since.
Do your own analysis before taking any trade.
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@williamtboy, what do you think the fundamental reason for the price decline of DXY is?
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I have not really no the reason for now bro. Maybe I will check what's the cause later.
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You're welcome @williamtboy, that's with pleasure! Thanks for your constant implication 😊👍
Thank you
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