DXY has followed the red trend line. We should wait to see whether it can save DXY again. But according to US anti-inflationary policy, there is a little hope for DXY to grow up again.
The downtrend of the channel pumped EURUSD twice! Now, it is touching this area again. Seems to pump to 1.08!
It will grow up forever. because Turkish currency losing its value continuously!
Since DXY is experiencing crashing days, a space has been created for pairs like NZDCAD to grow. I am happy that this movement is according to the chart and predictable :)
It is stuck in this channel since Jan 2021! It can be corrected to 0.87500 then attack to uptrend level…
You don't make a move yourself, and you don't allow others to move logically. I hope 105,200 and in the worst case 103,500 will get you out of this miserable situation.
It grew up more than expected. Now it has reached the uptrend level of its short-term channel. Now it need to correct a little bit.
If the double top pattern be formed, It can be expected that US30 will touch 31400.
If there will be no big change in the cpi rate which will release at 8:30 ET today, XAUUSD is expected to touch 1730 and pull back to the uptrend level of the channel it just left around 1640.
If BTC touch 14,000, we'll have to say Hi to another Luna!
I expect you to start an upward round after a brutal correction and reaching an important support. Maybe 111.500 will be your first resistance ahead. Tell them who’s the king!
It will be rejected by the uptrend level and maybe correct to 20800. After that, it can experience another bullish round and grow up to 22500.
It is the best description for the BTC! In itself, he has nothing to say. just watch DXY to get a sight about BTC! For the long term, there is no hope for this lazy king. But maybe the 19800 will be a chance for scalpers to buy.
About to break the channel uptrend level. But it has a serious resistance of 1.0056 ahead. According to the RSI 75, I think it needs a short-term correction or a pullback to the channel uptrend level.
Seems to have a behavior based on cup and handle pattern :)