USDollar Index (DXY) Analysis

١٢ نوفمبر ٢٠٢١

Hi
I hope you all are in a constant profit.


DXY on a weekly time frame is creating an exciting chart.
As you can see, if a weekly candle closes above 94.54, a significant accumulation phase is confirmed.
On the other hand, the BEXP Indicator indicates HVP is reducing and has a downtrend, so a big explosion in this scale is baking.

The interesting part is the positive correlation between DXY and Bitcoin on a weekly scale. And it's not weak as well.

Screenshot:


Thanks for your time.
Regards, Hashem.