DXY - 48 hrs. The sell-off in the stock markets on Wall Street took place on yesterday's trading day (Wednesday), contrary to the rise in the DXY and/or the increase in the price of the us yield curve. Was this triggered by options (usually options that expire on the same day)? Or whether it was a daily dip on the way up (in the case of the stock market)? I...
The idea of this post is to use this current scenario to provide an idea of how to work with clear Support and Resistances zones. a) LOOK AT THE PAST: What we mean by this is to look for zones that you can define as reversal areas (support/resistance), this must be Evident if it is not then you should not be paying attention to that chart b) Once you have...
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Ah, the great nations of Ethiopia and Afghanistan. Since very low income inequality is, according the far left, the absolute peak of human development, then we can all agree that Kazakhstan, Ethiopia, Afghanistan are among the most prosperous nations of the planet, absolute powerhouses! Every single country that tried "equality" has failed utterly. The ones that...
Got both ways charted out here, message me for more info
another quick update, yes i did eventually get GU and UCAD reversed
Hi guys ! This is an other simple chart to explain the correlation between DXY and other pairs. As you know, the best exemple is with EURUSD. When EURUSD goes up, DXY goes down, and when DXY goes up, EURUSD goes down. This is because in the DXY (Dollar Index), there is more than 50 % EURUSD. The U.S. Dollar Index is calculated with this formula: USDX =...