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eman19
Mar 9, 2023 5:32 AM

Dollar Gaining strength and a possible Support/Resistance Flip Long

U.S. Dollar Currency IndexTVC

Description

I am watching the dollar continuing to gain strength. Technicals point towards a recent support/resistance level flip. We got one candle close above and after the recent fed meeting, it appears rates will continue to push higher. This will cause further increase in the strength of the dollar index and push down asset prices. The news and technicals are lining up. This can bring overall continued downside momentum to crypto currencies and the stocks. Look for a short pullback in gold/silver pricing should the dollar continue to push higher.
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