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Kryptochristian
May 11, 2023 10:40 AM

DXY | U.S Dollar | Testing longterm trendline possible breakout 

U.S. Dollar Currency IndexTVC

Description

DXY | U.S Dollar | Testing long term trendline possible breakout

DXY has been rejected several time from the 20 Daily EMA it is now testing a key trendline and looking to break market structure - usually a pump in the DXY is not great for Crypto although no confirmed direction yet.

| Finally broken the 20 D.EMA
| Testing long term trendline
| Attempting to breakout of symmetrical triangle pattern
| Big volatility expected with PPI data dropping
| Broken the D.EMA
| Minor Bullish Divergence in play

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