bumincetin

DXY is gaining power

Short
TVC:DXY   U.S. Dollar Index
Dollar Index looks like it is ready to test the upper resistance at 90.80s. However, taking the current situation of the US into account, I don't think it will be able to break above that and start going all the way down to 88.55s. If it ever breaks below that, I think we will be seeing a huge blowout both in stock market and cryptocurrency market.
Share your thoughts on my idea in the comments section!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.