readCrypto

Trend reversal zone: 103.484-104.064

readCrypto Mod Updated   
TVC:DXY   U.S. Dollar Index
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(DXY chart)
If this rise rises above 105.664 on the 1M chart, a new trend is expected to be formed.

This new trend is expected to show its exact direction when it rises above 106.416 on the 1W chart.


If you look at the location of the high point where the finger on the 1D chart is pointing, you can see that it is in a downward trend.

In order to turn this downward trend into an upward trend, support must be found around 103.484-104.064.

If that happens, DXY is likely to turn to the upside.

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(SPX500USD chart)
The possibility of renewing the new high (ATH) is increasing while maintaining the price above the HA-High indicator (4419.8) on the 1M chart and the HA-High indicator (4478.4) on the 1W chart.

Accordingly, the key is whether the price can rise above the HA-High indicator (4563.2) on the 1D chart.

To do this, we need to check whether we can receive support around 4514.3.

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(NAS100USD chart)
If it rises above 15624.6, it is expected to renew the new high (ATH).

Accordingly, the key is whether it can receive support and rise around 15090.3-15379.1.

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** All explanations are for reference only and do not guarantee profit or loss in investment.

** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA

** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.

** This chart was created using my know-how.

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Comment:
(DXY chart)
DXY is showing signs of a trend reversal.

If the trend turns like this and rises above 105.664-106.416, I think there is a high possibility that the investment market will enter a recession.

Therefore, in order to prevent this trend reversal, we should expect resistance and decline around 105.664-106.416.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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