The U.S. Dollar Index has been showing some bearishness, and since DXY has an inverse correlation to commodities and crypto this provides crypto and commodities with some room for upside. I think DXY is still holding up around $103 and the price action is still neutral here. I would monitor DXY to see which direction it starts trending to determine its impact on crypto and commodities.
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DXY has experienced a lot of upside since Sept. 30. A strong DXY is bearish for the financial markets, but interestingly DXY, stocks, and crypto have managed to rally together. I think DXY is approaching resistance here around $104. I would monitor for a rejection between $103.925 and $104.272. A pullback for DXY could help […]
Read MoreUS bonds have experienced a correction, and TLT is approaching a light blue support level around $92. I would monitor for a bullish rebound, and TLT needs to find support above $96.02 to trend up higher. I think there could be a nice swing trade opportunity to buy at $92. 10 year bond yields have […]
Read MoreDXY continues to show strength. Usually a strong DXY is bearish for stocks and crypto. But everything is rising together, which doesn’t add up. Follow me on social media: https://linktr.ee/realchartchamp
Read More
DXY has experienced a lot of upside since Sept. 30. A strong DXY is bearish for the financial markets, but interestingly DXY, stocks, and crypto have managed to rally together. I think DXY is approaching resistance here around $104. I would monitor for a rejection between $103.925 and $104.272. A pullback for DXY could help […]
Read MoreUS bonds have experienced a correction, and TLT is approaching a light blue support level around $92. I would monitor for a bullish rebound, and TLT needs to find support above $96.02 to trend up higher. I think there could be a nice swing trade opportunity to buy at $92. 10 year bond yields have […]
Read MoreDXY continues to show strength. Usually a strong DXY is bearish for stocks and crypto. But everything is rising together, which doesn’t add up. Follow me on social media: https://linktr.ee/realchartchamp
Read More