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Erictaylor
Jan 13, 2023 1:03 PM

Dxy  Long

U.S. Dollar Currency IndexTVC

Description

The DXy has fallen significantly since it broke down from its rising trend. Howver now we have seen to potentially found a bottom currently at the .5 fib which makes me think we could
Get a nice push off this level. If so this could be a turn around point for the markets. It doesn’t have to be the case as in a full crash but could give time For stocks and bitcoin as well come down and find some solid support of previous resistance hopefully finding a new one support zone. This will be interesting to see how it plays out but we definitely need to be on the lookout, as When DXY rises markets def seem to start to fall.
Comments
JoeChampion
Good work, keep it up Pal!
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