A little misunderstood by most I think. Sometimes it's obvious DXY up, markets down and other times market up DXY not doing anything correlated but just ranging.
It's not exactly always a 1:1 correlation but rather dependent on momentum and the consolidation phases.
We already saw a big flush the last few days, naturally we could expect some sort of retracement or wide (factoring in volatility , look at the VIX movement) consolidation period. The DXY may or may not matter intraday for a small period of time next. But important to see if it consolidates into another up move or a reversal move.
It's not exactly always a 1:1 correlation but rather dependent on momentum and the consolidation phases.
We already saw a big flush the last few days, naturally we could expect some sort of retracement or wide (factoring in volatility , look at the VIX movement) consolidation period. The DXY may or may not matter intraday for a small period of time next. But important to see if it consolidates into another up move or a reversal move.
تعليق:
Short flagpole but measured move pretty close already at 109.94! High was 109.29 on this breakout. If cool down or reversal, first place to look is the 105's and also a retest of support. Thats the pivot to watch and then its either over or under for the next move.
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With BTC in the mix.
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DXY - added new aspect regarding when the inverse moves happen after consolidation. I think this is a smaller consolidation currently but leading up to a big move where lines cross. It's a rough overlay but the idea is that the major moves happen the lines here "cross" Either up or down but it will be inverse DXY.
تعليق:
DXY - crossing. See how much, how far or is it part of a larger consolidation?