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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TMF has lost support below the light blue trendline, and is starting to form a bullish rebound. There was a bullish gap higher today and TMF is trading near the light blue trendline again with this support line now acting as resistance around $48.30. I think this rebound is caused by US bonds rebounding after […]
Read MoreDXY continues to show bullish strength after the US election. The US dollar is likely to be stronger under a Trump administration due to Trump’s policies. There is resistance at $105.60 and a light blue resistance line to monitor. It looks like DXY is forming a bullish breakout, but the price action can be a […]
Read MoreTMF has a very similar setup to TLT, but is 3x leveraged so the gains and losses will be higher. TMF has lost support at the light blue trendline around $47.55, and bonds have sold off after Trump’s election victory. The current price action is considered “risk-on,” as traders are more interested in risky assets […]
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TMF has lost support below the light blue trendline, and is starting to form a bullish rebound. There was a bullish gap higher today and TMF is trading near the light blue trendline again with this support line now acting as resistance around $48.30. I think this rebound is caused by US bonds rebounding after […]
Read MoreDXY continues to show bullish strength after the US election. The US dollar is likely to be stronger under a Trump administration due to Trump’s policies. There is resistance at $105.60 and a light blue resistance line to monitor. It looks like DXY is forming a bullish breakout, but the price action can be a […]
Read MoreTMF has a very similar setup to TLT, but is 3x leveraged so the gains and losses will be higher. TMF has lost support at the light blue trendline around $47.55, and bonds have sold off after Trump’s election victory. The current price action is considered “risk-on,” as traders are more interested in risky assets […]
Read More