Hello,Traders! DXY is trading in uptrend Along the rising support line So we are bullish biased And the bullish move up Is to be expected Buy! Like, comment and subscribe to boost your trading!
Nice analysis! DXY influences on Bitcoin and if your are right we will see BTC at 12k
rTrader_official
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USD is almost overbought by volume and as we can see 110 is a huge supply area, if price consolidate in this area for a while seller can be more than before, I think Feds move carefully on this month and add 75bps for next interest rates, but if you look at Delta indicators Most of them did not match what was expected,(Prelim UoM Consumer Sentiment, Core CPI m/m, CPI m/m, PMI, Unemployment Rate, Average Hourly Earnings m/m...ADP Non-Farm Employment Change, Prelim GDP q/q... , etc ) CPI rose a little that means we have a little growth for inflation around 8.7% to 9%... that means we will face more interest rates but as I predict interest rates won't always cause Index going to rise.... my target for DXY is around 107.795 and 104.608 thanks for your analysis