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MadWhale
Jun 5, 2023 4:38 AM

DXY brief gain to the resistance area ๐Ÿ“–๐Ÿš€ย Long

U.S. Dollar Currency IndexTVC

Description

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Hello ๐Ÿ‹
Based on the chart, the price is close to the support area and channel support โœ”๏ธ
if
the price doesn't break the support zone to the downside, we can see more gain ๐Ÿ’ฃ๐Ÿš€
otherwise
we can see more correction โŒ๐Ÿงจ


๐Ÿ‘Œ Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) ๐Ÿ“–๐Ÿ’ก

Please, feel free to share your point of view, write it in the comments below, thanks ๐Ÿ‹
Comments
tintweezl
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Your lines are wrong. The dollar is in a downtrend not uptrend. We are breaking support this week as US treasury auctions $1.3 Trillion in bonds now that the debt ceiling allows it.

The Dollar and the S&P are in for a long overdue correction by 20-35% and the catalyst will be the selling of equities to buy all those bonds. The crash of 2023 is coming. Buy gold.
adoringOatmeal64548
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@tintweezl Your analysis is excellent, thank you, good friend
tintweezl
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@adoringOatmeal64548 Gold is up today. PMI data showed a surprise drop in sentiment vs an expected rise. There is a crash coming. Buy gold.
Lala33
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Agree btw ๐Ÿ’•๐Ÿ’•
LegionQ8
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Nice Technical Analysis, I agree
Lingrid
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Awesome
DeGRAM
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Execellent
TradingShot
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Noted, let's see how it goes.
InvestingScope
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Premium analysis thank you for the information.
TradingBrokersView
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Very good analysis, thank you.
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